| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083737 | International Review of Economics & Finance | 2013 | 17 Pages |
Abstract
⺠We show that the specific regulation in Taiwan does not prevent market underreaction. ⺠Firms who retire buybacks earn higher abnormal return than those reissue the buybacks. ⺠Long-term price performance relates to firms' operation in post repurchase period. ⺠Long-term price performance relates to dividend payouts in post repurchase period. ⺠Market reacts asymmetrically to the changes of firms' operation and dividend payouts.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Li-Hsun Wang, Chu-Hsiung Lin, Hung-Gay Fung, Hsien-Ming Chen,