Does Price React to Fixed Price Tender Offer Share Buyback Announcement?
This paper investigates stock market reactions to share buyback announcements, specifically with the fixed price tender offer mechanism. An event study methodology was used to examine stock price reaction of 30 observations involving 21 listed companies surrounding the announcement dates. Two models...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
UUM Press
2006-06-01
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Series: | International Journal of Management Studies |
Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/9238 |