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Price Effects of Stock Repurchasing: A Random Coefficient Regression Approach

Published online by Cambridge University Press:  06 April 2009

Terry Dielman ,
Timothy J. Nantell  and
Roger L. Wright
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Extract

More than ten years have passed since Bierman and West [1] and Elton and Gruber [5] first used valuation models to study corporate stock repurchasing. Young [29] followed their work with an empirical investigation of the motivations for stock repurchasing and its impact on prices. Following Young, there seems to have been a five-year pause in the study of repurchasing. However, by 1973 repurchasing activity had increased in intensity, and this seems to have rekindled an interest in studying the phenomenon.

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Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 15 , Issue 1 , March 1980 , pp. 175 - 189
Copyright
Copyright © School of Business Administration, University of Washington 1980

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References

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