| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089711 | Journal of Banking & Finance | 2012 | 14 Pages |
Abstract
⺠I decompose the B/M ratio into tangible and intangible information for repurchases. ⺠Repurchase signals an undervaluation of the intangible return. ⺠I investigate several potential proxies for intangible information. ⺠Intangible information signals the undervaluation of future operating performance.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Woan-lih Liang,