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Maxwell et al., 2003 - Google Patents

The wealth effects of repurchases on bondholders

Maxwell et al., 2003

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Document ID
782973117345129492
Author
Maxwell W
Stephens C
Publication year
Publication venue
The Journal of Finance

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Snippet

Prior research has documented positive abnormal stock returns around the announcements of repurchase programs; several explanations of these returns have been suggested, including signaling, free cash flow, and wealth redistributions. This study analyzes abnormal …
Continue reading at papers.ssrn.com (PDF) (other versions)

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