메뉴 건너뛰기




Volumn 25, Issue 4, 1996, Pages 9-24

The option to repurchase stock

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0039924770     PISSN: 00463892     EISSN: None     Source Type: Journal    
DOI: 10.2307/3665586     Document Type: Article
Times cited : (125)

References (36)
  • 1
    • 0001933580 scopus 로고
    • Signaling with dividends, stock repurchases, and equity issues
    • Asquith, P. and D. Mullins, 1986, "Signaling with Dividends, Stock Repurchases, and Equity Issues," Financial Management (Autumn), 27-44.
    • (1986) Financial Management , Issue.AUTUMN , pp. 27-44
    • Asquith, P.1    Mullins, D.2
  • 4
    • 0002858629 scopus 로고
    • Corporate payout policy: Cash dividends versus open market purchases
    • Barclay, M. and C. Smith, 1988, "Corporate Payout Policy: Cash Dividends Versus Open Market Purchases," Journal of Financial Economics (October), 61-82.
    • (1988) Journal of Financial Economics , Issue.OCTOBER , pp. 61-82
    • Barclay, M.1    Smith, C.2
  • 5
    • 84896515917 scopus 로고
    • Noise
    • Black, F., 1986, "Noise," Journal of Finance (July), 529-543.
    • (1986) Journal of Finance , Issue.JULY , pp. 529-543
    • Black, F.1
  • 7
    • 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 (September), 1243-1271.
    • (1991) Journal of Finance , Issue.SEPTEMBER , pp. 1243-1271
    • Comment, R.1    Jarrell, G.2
  • 8
    • 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 (No.4), 445-465.
    • (1989) Review of Financial Studies , vol.4 , pp. 445-465
    • Constantinides, G.1    Grundy, B.2
  • 9
    • 49049148412 scopus 로고
    • Common stock repurchases: An analysis of returns to bondholders and stockholders
    • Dann, L., 1981, "Common Stock Repurchases: An Analysis of Returns to Bondholders and Stockholders," Journal of Financial Economics (June), 115-138.
    • (1981) Journal of Financial Economics , Issue.JUNE , pp. 115-138
    • Dann, L.1
  • 12
    • 0000029776 scopus 로고
    • Efficient capital markets: II
    • Fama, E., 1991, "Efficient Capital Markets: II," Journal of Finance (December), 1575-1617.
    • (1991) Journal of Finance , Issue.DECEMBER , pp. 1575-1617
    • Fama, E.1
  • 13
    • 84926275288 scopus 로고
    • Excess volatility in the financial markets: A reassessment of the empirical evidence
    • Flavin, M.A., 1983, "Excess Volatility in the Financial Markets: A Reassessment of the Empirical Evidence," Journal of Political Economy (December), 929-956.
    • (1983) Journal of Political Economy , Issue.DECEMBER , pp. 929-956
    • Flavin, M.A.1
  • 15
    • 21144479162 scopus 로고
    • Signaling with dividends and share repurchases: A choice between deterministic and stochastic cash disbursements
    • Hausch, D.B. and J.K. Seward, 1993, "Signaling with Dividends and Share Repurchases: A Choice Between Deterministic and Stochastic Cash Disbursements," Review of Financial Studies (No. 1), 121-154.
    • (1993) Review of Financial Studies , vol.1 , pp. 121-154
    • Hausch, D.B.1    Seward, J.K.2
  • 16
  • 17
    • 77951445122 scopus 로고
    • Do stock prices exhibit excess volatility, frequently deviate from fundamental values, and generally behave inefficiently?
    • Kupiec, P.H., 1992, "Do Stock Prices Exhibit Excess Volatility, Frequently Deviate from Fundamental Values, and Generally Behave Inefficiently?" Journal of Financial Markets, Institutions and Instruments (No. 1), 1-60.
    • (1992) Journal of Financial Markets, Institutions and Instruments , vol.1 , pp. 1-60
    • Kupiec, P.H.1
  • 18
    • 0000859303 scopus 로고
    • Continuous auctions and insider trading
    • Kyle, A., 1985, "Continuous Auctions and Insider Trading," Econometrica (November), 1315-1336.
    • (1985) Econometrica , Issue.NOVEMBER , pp. 1315-1336
    • Kyle, A.1
  • 19
    • 84993869066 scopus 로고
    • Contrarian investment extrapolation and risk
    • Lakonishok, J., A. Shleifer, and R. Vishny, 1994, "Contrarian Investment Extrapolation and Risk," Journal of Finance (December), 1541-1578.
    • (1994) Journal of Finance , Issue.DECEMBER , pp. 1541-1578
    • Lakonishok, J.1    Shleifer, A.2    Vishny, R.3
  • 20
    • 84977359121 scopus 로고
    • The value of an option to exchange one asset for another
    • Margrabe, W., 1978, "The Value of an Option to Exchange One Asset for Another," Journal of Finance (March), 177-186.
    • (1978) Journal of Finance , Issue.MARCH , pp. 177-186
    • Margrabe, W.1
  • 21
    • 84974489702 scopus 로고
    • Open-market share repurchase programs and bid-ask spreads on the NYSE: Implications for corporate payout policy
    • Miller, J. and J. McConnell, 1995, "Open-Market Share Repurchase Programs and Bid-Ask Spreads on the NYSE: Implications for Corporate Payout Policy," Journal of Financial and Quantitative Analysis (September), 365-382.
    • (1995) Journal of Financial and Quantitative Analysis , Issue.SEPTEMBER , pp. 365-382
    • Miller, J.1    McConnell, J.2
  • 22
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • Myers, S. and N.S. Majluf, 1984, "Corporate Financing and Investment Decisions When Firms Have Information that Investors Do Not Have," Journal of Financial Economics (June), 187-222.
    • (1984) Journal of Financial Economics , Issue.JUNE , pp. 187-222
    • Myers, S.1    Majluf, N.S.2
  • 23
    • 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 (Autumn), 84-96.
    • (1989) Financial Management , Issue.AUTUMN , pp. 84-96
    • Netter, J.1    Mitchell, M.2
  • 24
    • 84977715071 scopus 로고
    • A theory of stock price responses to alternative corporate disbursement methods: Stock repurchases and dividends
    • Ofer, A.R. and A. Thakor, 1987, "A Theory of Stock Price Responses to Alternative Corporate Disbursement Methods: Stock Repurchases and Dividends," Journal of Finance (June), 365-394.
    • (1987) Journal of Finance , Issue.JUNE , pp. 365-394
    • Ofer, A.R.1    Thakor, A.2
  • 26
    • 0009289985 scopus 로고
    • Are institutional investors speculators?
    • Pound, J. and R. Shiller, 1987, "Are Institutional Investors Speculators?" Journal of Portfolio Management (Spring), 46-52.
    • (1987) Journal of Portfolio Management , Issue.SPRING , pp. 46-52
    • Pound, J.1    Shiller, R.2
  • 28
    • 0000893807 scopus 로고
    • Do stock prices move too much to be justified by subsequent changes in dividends?
    • Shiller, R., 1981, "Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?" American Economic Review (March), 421-436.
    • (1981) American Economic Review , Issue.MARCH , pp. 421-436
    • Shiller, R.1
  • 29
    • 0002393332 scopus 로고
    • Market volatility and investor behavior
    • Shiller, R., 1990, "Market Volatility and Investor Behavior," American Economic Review (May), 58-62.
    • (1990) American Economic Review , Issue.MAY , pp. 58-62
    • Shiller, R.1
  • 31
    • 21344495357 scopus 로고
    • Liquidity changes associated with open market repurchases
    • Singh, A.K, M.A. Zaman, and C. Krishnamurti, 1994, "Liquidity Changes Associated with Open Market Repurchases," Financial Management (Spring), 47-55.
    • (1994) Financial Management , Issue.SPRING , pp. 47-55
    • Singh, A.K.1    Zaman, M.A.2    Krishnamurti, C.3
  • 34
    • 49049145214 scopus 로고
    • Common stock repurchases and market signaling: An empirical study
    • Vermaelen, T., 1981, "Common Stock Repurchases and Market Signaling: An Empirical Study," Journal of Financial Economics (June), 139-183.
    • (1981) Journal of Financial Economics , Issue.JUNE , pp. 139-183
    • Vermaelen, T.1
  • 35
    • 84974409356 scopus 로고
    • Repurchase tender offers, signaling, and managerial incentives
    • Vermaelen, T., 1984, "Repurchase Tender Offers, Signaling, and Managerial Incentives," Journal of Financial and Quantitative Analysis (June), 163-182.
    • (1984) Journal of Financial and Quantitative Analysis , Issue.JUNE , pp. 163-182
    • Vermaelen, T.1
  • 36
    • 84986533524 scopus 로고
    • Open market stock repurchase programs and liquidity
    • Wiggins, J., 1994, "Open Market Stock Repurchase Programs and Liquidity," Journal of Financial Research (Summer), 217-230.
    • (1994) Journal of Financial Research , Issue.SUMMER , pp. 217-230
    • Wiggins, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.