Abnormal Stock Returns and Share Repurchases Following Increases in R&D Expenditures
نویسندگان
چکیده
منابع مشابه
The Persistence of Long-Run Abnormal Returns: Evidence from Stock Repurchases and Offerings
Prior studies have documented that stock returns are abnormally high during the years following share repurchases and abnormally low following seasoned equity offerings, relative to various benchmarks of expected returns. While we confirm this evidence in the event data as of 2002, we do not find robust long-run abnormal returns following either stock repurchases or issuances after 2002. Instit...
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ژورنال
عنوان ژورنال: Contemporary Management Research
سال: 2009
ISSN: 1813-5498
DOI: 10.7903/cmr.455