Open-market stock repurchase announcements and revaluation of prior accounting information

Accounting Review

Volumn 72, Issue 3, 1997, Pages 475-487

  Ho, Li Chin Jennifer ^a   Liu, Chao Shin ^a   Ramanan, Ramachandran ^a  

^a NONE

Author keywords

Market response; Open market stock repurchase announcements; Prior accounting information

Indexed keywords

EID: 0031287390     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (20)

1. Asquith, P., and D. Mullins. 1986. Signalling with dividends, stock repurchases and equity issues. Financial Management 15 (Autumn): 27-44.
2. Atiase, R. 1985. Predisclosure information, firm capitalization, and security price behavior around earnings announcements. Journal of Accounting Research 23 (Spring): 21-36.
3. Bagwell, L., and J. Shoven. 1989. Cash distributions to shareholders. Journal of Economic Perspectives 3 (Summer): 129-140.
4. Banker, D., S. Das, and S. Datar. 1993. Complementarity of prior accounting information: The case of stock dividend announcements. The Accounting Review 68 (January): 28-47.
5. Bartov, E. 1991. Open-market stock repurchases as signals for earnings and risk changes. Journal of Accounting and Economics 14: 275-294.
6. Belsley, D.A., E. Kuh, and R.E. Welsch. 1980. Regression Diagnostics: Identifying Influential Data and Sources of Collinearity. New York, NY: Wiley.
7. Bhushan, R. 1989. Firm characteristics and analyst following. Journal of Accounting and Economics 12 (July): 255-274.
8. Comment, R., and G. Jarrell. 1991. The relative signalling power of Dutch-auction and fix-price self-tender offers and open-market share repurchases. Journal of Finance 46 (September): 1243-1271.
9. Daley, L., D. Senkow, and R. Vigeland. 1988. Analyst's forecasts, earnings variability and option pricing: Empirical evidence. The Accounting Review 63 (October): 563-585.
10. Healy, P., and K. Palepu. 1993. The effect of firms' financial disclosure strategies on stock prices. Accounting Horizons 7 (March): 1-11.
11. Healy, P., K. Palepu, and R. Ruback. 1992. Does corporate performance improve after mergers. Journal of Financial and Economics 31: 135-176.
12. Ikenberry, D., J. Lakonishok, and T. Vermaelen. 1995. Market underreaction to open market share repurchases. Journal of Financial Economics 39: 181-208.
13. Jensen, R., D. Solberg, and T. Zorn. 1992. Simultaneous determination of insider ownership, debt and dividend policies. Journal of Financial and Quantitative Analysis 27 (June): 247-263.
14. Kalay, A. 1980. Signalling, information content, and the reluctance to cut dividends. Journal of Financial and Quantitative Analysis 15 (November): 855-869.
15. Myers, S. 1984. The capital structure puzzle. Journal of Finance 39 (July): 575-592.
16. -, and N. Majluf. 1984. Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics 13 (June): 187-221.
17. Netter, J., and M. Mitchell. 1989. Stock repurchase announcements and insider transactions after the October 1987 stock market crash. Financial Management 18 (Autumn): 84-96.
18. Talmor, E. 1981. Asymmetric information, signalling, and optimal financial decisions. Journal of Financial and Quantitative Analysis 16 (November): 413-438.
19. Vermaelen, T. 1981. Common stock repurchases and market signalling. Journal of Financial Economics 9: 139-183.
20. White, H. 1980. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 48: 817-838.