| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089389 | Journal of Banking & Finance | 2013 | 11 Pages |
Abstract
⺠We examine the motives behind the buyback decisions of initial public offering (IPO) firms. ⺠IPO firms with repurchases within 3 years of IPO dates exhibit poorer long-run performance. ⺠These firms show intensive insider selling transactions after the IPO date. ⺠We suggest that IPO announcing repurchase firms are consistent with the misleading hypothesis.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sheng-Syan Chen, Kim Wai Ho, Chia-Wei Huang, Yanzhi Wang,