메뉴 건너뛰기




Volumn 31, Issue 3, 2002, Pages 5-20

Open-market repurchase announcements and stock price behavior in inefficient markets

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0036746593     PISSN: 00463892     EISSN: None     Source Type: Journal    
DOI: 10.2307/3666312     Document Type: Article
Times cited : (19)

References (25)
  • 3
    • 84960560786 scopus 로고
    • Smart money, noise trading, and stock price behavior
    • Campbell, J. and A. Kyle, 1993, "Smart Money, Noise Trading, and Stock Price Behavior," Review of Economic Studies 60, 1-34.
    • (1993) Review of Economic Studies , vol.60 , pp. 1-34
    • Campbell, J.1    Kyle, A.2
  • 4
    • 84977719740 scopus 로고
    • The relative signaling power of Dutch-auction and fixed-price self-tender offers and open-market share repurchases
    • Comment, R. and G. Jarrell, 1991, "The Relative Signaling Power of Dutch-Auction and Fixed-Price Self-Tender Offers and Open-Market Share Repurchases," Journal of Finance 46, 1243-1271.
    • (1991) Journal of Finance , vol.46 , pp. 1243-1271
    • Comment, R.1    Jarrell, G.2
  • 5
    • 0000171752 scopus 로고
    • Optimal investment with stock repurchase and financing as signals
    • Constantinides, G. and B. Grundy, 1989, "Optimal Investment with Stock Repurchase and Financing as Signals," Review of Financial Studies 2, 445-465.
    • (1989) Review of Financial Studies , vol.2 , pp. 445-465
    • Constantinides, G.1    Grundy, B.2
  • 6
    • 8744258405 scopus 로고    scopus 로고
    • Investor psychology and security market under- and overreactions
    • Daniel, K., D. Hirshleifer, and A. Subrahmanyam, 1998, "Investor Psychology and Security Market Under- and Overreactions," Journal of Finance 53, 1839-1885.
    • (1998) Journal of Finance , vol.53 , pp. 1839-1885
    • Daniel, K.1    Hirshleifer, D.2    Subrahmanyam, A.3
  • 7
  • 10
    • 85015670503 scopus 로고    scopus 로고
    • Open-market stock repurchase and stock price behavior when management values real investment
    • Isagawa N., 2000, "Open-Market Stock Repurchase and Stock Price Behavior when Management Values Real Investment," Financial Review 35, 95-108.
    • (2000) Financial Review , vol.35 , pp. 95-108
    • Isagawa, N.1
  • 11
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance, and takeovers
    • Jensen, M., 1986, "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review 76, 323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.1
  • 12
    • 0010709023 scopus 로고    scopus 로고
    • Stock repurchases and incentive compensation
    • Jolls, C., 1998, "Stock Repurchases and Incentive Compensation," NBER Working Paper 6467.
    • (1998) NBER Working Paper , vol.6467
    • Jolls, C.1
  • 13
    • 0033460957 scopus 로고    scopus 로고
    • Open market stock repurchase signaling
    • McNally, W., 1999, "Open Market Stock Repurchase Signaling," Financial Management 28, 55-67.
    • (1999) Financial Management , vol.28 , pp. 55-67
    • McNally, W.1
  • 14
    • 0031514562 scopus 로고    scopus 로고
    • Do noise traders influence stock prices?
    • Morgan, K., 1997, "Do Noise Traders Influence Stock Prices?" Journal of Money Credit and Banking 29, 351-363.
    • (1997) Journal of Money Credit and Banking , vol.29 , pp. 351-363
    • Morgan, K.1
  • 15
    • 0002516434 scopus 로고
    • Stock-repurchase announcements and insider transactions after the October 1987 stock market crash
    • Netter, J. and M. Mitchell, 1989, "Stock-repurchase Announcements and Insider Transactions after the October 1987 Stock Market Crash," Financial Management 18, 84-96.
    • (1989) Financial Management , vol.18 , pp. 84-96
    • Netter, J.1    Mitchell, M.2
  • 16
    • 84977715071 scopus 로고
    • A theory of price responses to alternative corporate cash disbursement methods: Stock repurchases and dividends
    • Ofer, A. and A. Thakor, 1987, "A Theory of Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends," Journal of Finance 42, 365-394.
    • (1987) Journal of Finance , vol.42 , pp. 365-394
    • Ofer, A.1    Thakor, A.2
  • 17
    • 0039021355 scopus 로고    scopus 로고
    • Costly arbitrage: Evidence from closed-end funds
    • Pontiff, J., 1996, "Costly Arbitrage: Evidence From Closed-End Funds," Quarterly Journal of Economics 111, 1135-1151.
    • (1996) Quarterly Journal of Economics , vol.111 , pp. 1135-1151
    • Pontiff, J.1
  • 18
    • 0010747215 scopus 로고    scopus 로고
    • Noise traders and herding behavior
    • Redding, L., 1996, "Noise Traders and Herding Behavior," IMF Working Paper.
    • (1996) IMF Working Paper
    • Redding, L.1
  • 21
    • 0004143491 scopus 로고    scopus 로고
    • New York, NY, Oxford University Press
    • Shleifer, A., 2000, Inefficient Markets, New York, NY, Oxford University Press.
    • (2000) Inefficient Markets
    • Shleifer, A.1
  • 22
    • 0008313654 scopus 로고    scopus 로고
    • Actual share reacquisitions in open-market repurchase programs
    • Stephens, C. and M. Weisbach, 1998, "Actual Share Reacquisitions in Open-Market Repurchase Programs," Journal of Finance 53, 313-333.
    • (1998) Journal of Finance , vol.53 , pp. 313-333
    • Stephens, C.1    Weisbach, M.2
  • 24
    • 49049145214 scopus 로고
    • Common stock repurchases and market signaling
    • Vermaelen, T., 1981, "Common Stock Repurchases and Market Signaling," Journal of Financial Economics 9, 131-183.
    • (1981) Journal of Financial Economics , vol.9 , pp. 131-183
    • Vermaelen, T.1
  • 25
    • 0002159172 scopus 로고
    • Managements' view on share repurchase and tender offer premiums
    • Wansley, J., W. Lane, and S. Sarkar, 1989, "Managements' View on Share Repurchase and Tender Offer Premiums," Financial Management 18, 97-110.
    • (1989) Financial Management , vol.18 , pp. 97-110
    • Wansley, J.1    Lane, W.2    Sarkar, S.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.