Market Reaction to Stock Repurchases in Greece
نویسندگان
چکیده
منابع مشابه
Reaction of Stock Market Index to Oil Price Shocks
T his study examines how oil price shocks interact with the stock market index within a nonlinear autoregressive distributed lag model in Iran. Based on quarterly data for the period from 1991 to 2017, the findings revealed statistically significant evidence of short-run and long-run asymmetric behavior of stock market index in response to the positive a...
متن کاملThe Stock Market s Reaction to Unemployment
We find that on average an announcement of rising unemployment is good news for stocks during economic expansions and bad news during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant ...
متن کاملStock Market Reaction to Food Recalls
Many authors have discussed the potential industry costs of food recalls yet only limited empirical analyses of these costs have been conducted. This paper uses stock market reactions to four recent recalls as an indicator of industry costs. A partial event analysis technique is used to demonstrate the unique impact of recalls separate of any general market trends. These recalls (Odwalla, two I...
متن کاملOpen-market Repurchase Announcements, Actual Repurchases, and Stock Price Behavior in Inefficient Markets
In the efficient market framework, it seems difficult to explain why a firm would actually buy back its outstanding shares after the stock price goes up in response to an open-market repurchase announcement. We introduce the subject of market inefficiency in a way similar to the explanation of Shleifer and Vishny (1990, 1997) and reexamine corporate open-market repurchase strategy and stock pri...
متن کاملVoluntary Disclosure and Strategic Stock Repurchases∗
We study the choice of disclosure and share repurchase strategies of informed managers. Using a model that captures how direct disclosures and share repurchases differentially impact short and long-term stock value, we ask when will they choose disclosure, or repurchases, or both. We find that both direct disclosure and share repurchase policies emerge in equilibrium in different regions of fir...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3153141