the study attempts to find out the impact of buyback announcement on share price. paired sample t-test is employed to compare share price before and after the buyback announcement. the analysis of variance is also used to find out whether there is any significant difference among industries in the price change due to buyback announcement. the study is carried out from 1st january 2005 to 31st d...

This paper examines the stock price effect in New Zealand of announcements of increases in dividends and of share repurchases from 1993 to 2009. The results are related to the soft substitution hypothesis on Australian data. Dividend-increase announcements provoke a greater positive effect on the stock price than buyback announcements. The preference of the marginal investor is also examined wh...

Article history: Received 18 March 2009 Received in revised form 26 June 2009 Accepted 25 August 2009 Available online 4 November 2009 This study investigates whether prior experience of share repurchases matters in the market reactions to the subsequent repurchase announcements. Specifically, we study the prior record on actual buybacks and post-announcement stock performance. We find that upo...

This paper examines whether share repurchase announcements are signals of undervaluation or insiders’ opportunistic activities by investigating insider trading patterns surrounding buyback in Vietnam. Consistent with the opportunism hypothesis, we show that insiders net buyers before but they sell intensively after event. We also find subsequent selling not followed an improvement firms’ operat...

In 1997, Australia implemented a gun buyback program that reduced the stock of firearms by around one-fifth (and nearly halved the number of gun-owning households). Using differences across states, we test whether the reduction in firearms availability affected homicide and suicide rates. We find that the buyback led to a drop in the firearm suicide rates of almost 80%, with no significant effe...

The present study examines the impact of capital employed in buyback of shares on firm value for 180 firms listed in the Bombay Stock Exchange of India. The issue of buyback of shares in the period from 2006 to 2016 was examined. The firm value is measured by a proxy, enterprise value, as a substitute of share price. The results suggest that the firm value differs from pre and post buyback of s...

The study attempts to find out the impact of buyback announcement on share price. Paired sample T-test is employed to compare share price before and after the buyback announcement. The analysis of variance is also used to find out whether there is any significant difference among industries in the price change due to buyback announcement. The study is carried out from 1st January 2005 to 31st D...

In early 2020, stock trading in Indonesia was under significant pressure, as indicated by the decline IHSG. This is due to pressure and global economic slowdown Covid-19 pandemic weakening world oil prices. The purpose of this study find out how effect share buyback announcements without RUPS on response market at PT. Aneka Tambang Tbk. based Surat Edaran OJK Nomor 3/SEOJK.04/2020. research str...

Abstract We document that long-run excess returns following announcements of share buyback authorizations and insider purchases are a U-shaped function firm centrality in the input–output trade-flow network. These results conform to model investors endowed with large but finite capacity for analyzing firms. Additional links weaken insiders’ informational advantage peripheral firms (simple whose...