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Price Effects of Stock Repurchasing: A Random Coefficient Regression Approach

Published online by Cambridge University Press:  06 April 2009

Terry Dielman ,
Timothy J. Nantell  and
Roger L. Wright
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Extract

More than ten years have passed since Bierman and West [1] and Elton and Gruber [5] first used valuation models to study corporate stock repurchasing. Young [29] followed their work with an empirical investigation of the motivations for stock repurchasing and its impact on prices. Following Young, there seems to have been a five-year pause in the study of repurchasing. However, by 1973 repurchasing activity had increased in intensity, and this seems to have rekindled an interest in studying the phenomenon.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 15 , Issue 1 , March 1980 , pp. 175 - 189
Copyright
Copyright © School of Business Administration, University of Washington 1980

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References

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