Impact of Open-Market Share Repurchases on Long-Term Stock Returns: Evidence From the Malaysian Market
After the Asian financial crisis in 1997, firms listed on Bursa Malaysia were allowed to repurchase their shares on the open market. The number of companies engaged in share buyback is increasing and has become a tool to stabilize price by signaling undervaluation of the share. However, studies on s...
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SAGE Publications
2016
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