Share repurchases and stock market reactions: Messages from the restaurant industry

Volume: 86, Pages: 102457 - 102457
Published: Apr 1, 2020
Abstract
It is generally accepted that investors tend to react favorably to share repurchases. However, it is actually not uncommon for investors to underreact to some share repurchases. Recently, a number of restaurant firms have spent huge amounts of internal cash on share repurchases but little is known regarding the market’s underreaction to share repurchases in the restaurant industry. Hence, this study attempted to identify factors that could...
Paper Details
Title
Share repurchases and stock market reactions: Messages from the restaurant industry
Published Date
Apr 1, 2020
Volume
86
Pages
102457 - 102457
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