Open-Market Repurchases, Firm Quality, And Discouraging Short Sellers
نویسندگان
چکیده
منابع مشابه
Open Market Repurchases: Signaling or Managerial Opportunism?
Managers conduct open market repurchases ("OMRs") for many different reasons, including to distribute excess cash. However, the most widely discussed explanation for OMRs is the "signaling theory": that managers announce OMRs to signal that the stock is underpriced. The first purpose of this paper is to show that the signaling theory is theoretically problematic—in part because it assumes manag...
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ژورنال
عنوان ژورنال: Journal of Business & Economics Research (JBER)
سال: 2016
ISSN: 2157-8893,1542-4448
DOI: 10.19030/jber.v14i4.9800