Resource type
Date created
2007-12
Authors/Contributors
Author: Zhuang, Lillian
Author: Kwon, Yongwoon
Abstract
This paper examines stock price behaviour surrounding announcements of stock repurchases made by Canadian firms from 2005 to 2007. Our analysis shows that stock prices in Canada go up in response to stock repurchase announcements on the announcement day and the following day. We also find that book value to market value and retained earnings to book value have significant explanatory power with regard to the increase in stock price because of the stock repurchase announcement.
Document
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
No
Language
English
Member of collection
| Download file | Size |
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| etd3330.pdf | 2.58 MB |