Advanced search
Publication Cover
Applied Economics Letters Volume 25, 2018 - Issue 11
Submit an article Journal homepage
483
Views
2
CrossRef citations to date
0
Altmetric
Article

The impacts of investor sentiment and price uncertainty on the effects of open-market share repurchase announcements

Chia-Pin ChenDepartment of Business Administration, National Chung-Hsing University, Taichung, Taiwan
&
Ying-Sing LiuJen-The Junior College of Medicine, Nursing and Management, Houlong, TaiwanCorrespondence[email protected]
Pages 730-733 | Published online: 03 Aug 2017

References

  • Aissia, D. B. 2014. “IPO First-Day Returns: Skewness Preference, Investor Sentiment and Uncertainty Underlying Factors.” Review of Financial Economics 23 (3): 148–154. doi:10.1016/j.rfe.2014.06.001.
  • Akyol, A., J. S. Kim, and C. Shekhar. 2014. “The Causes and Consequences of Accelerated Stock Repurchases.” International Review of Finance 14 (3): 319–343. doi:10.1111/irfi.2014.14.issue-3.
  • Billett, M. T., and H. Xue. 2007. “The Takeover Deterrent Effect of Open Market Share Repurchases.” The Journal of Finance 62 (4): 1827–1850. doi:10.1111/j.1540-6261.2007.01258.x.
  • Borges, M. R., and R. Gairifo. 2013. “Abnormal Returns before Acquisition Announcements: Evidence from Europe.” Applied Economics 45 (26): 3723–3732. doi:10.1080/00036846.2012.730134.
  • Chang, S., and J. Puthenpurackal. 2014. “Repurchases of Convertible Preferred Stock and Shareholder Wealth.” Journal of Business Research 67 (4): 623–630. doi:10.1016/j.jbusres.2013.02.042.
  • Chi, L., X. Zhuang, and D. Song. 2012. “Investor Sentiment in the Chinese Stock Market: An Empirical Analysis.” Applied Economics Letters 19 (4): 345–348. doi:10.1080/13504851.2011.577003.
  • Grullon, G., and R. Michaely. 2002. “Dividends, Share Repurchases, and the Substitution Hypothesis.” The Journal of Finance 57 (4): 1649–1684. doi:10.1111/1540-6261.00474.
  • Grullon, G., and R. Michaely. 2004. “The Information Content of Share Repurchase Programs.” The Journal of Finance 59 (2): 651–680. doi:10.1111/j.1540-6261.2004.00645.x.
  • Hjelmstad, M., A. Marshall, and T. Walmsley. 2006. “Open Market Share Repurchases in the UK: Evidence on the Agency Theory of Free Cash Flow.” Applied Financial Economics Letters 2 (6): 383–387. doi:10.1080/17446540600706791.
  • Hovakimian, A., T. Opler, and S. Titman. 2001. “The Debt-Equity Choice.” The Journal of Financial and Quantitative Analysis 36: 1–24. doi:10.2307/2676195.
  • Hsua, -C.-C., and A. Krauseb. 2016. “The Optimal Timing of Open Market Stock Repurchases.” Emerging Markets Finance and Trade 52 (4): 776–785. doi:10.1080/1540496X.2015.1117840.
  • Jagannathan, M., and C. Stephens. 2003. “Motives for Multiple Open-Market Repurchase Programs.” Financial Management 32 (2): 71–91. doi:10.2307/3666337.
  • Kahle, K. M. 2002. “When a Buyback isn’t a Buyback: Open Market Repurchases and Employee Options.” Journal of Financial Economics 63 (2): 235–261. doi:10.1016/S0304-405X(01)00095-2.
  • Lee, C. I., D. D. Ejara, and K. C. Gleason. 2010. “An Empirical Analysis of European Stock Repurchases.” Journal of Multinational Financial Management 20 (2–3): 114–125. doi:10.1016/j.mulfin.2010.07.002.
  • Leite, T. 2005. “Returns to Sentiment Investors in IPOs.” Economics Letters 89 (2): 222–226. doi:10.1016/j.econlet.2005.05.031.
  • Wang, L.-H., C.-H. Lin, H.-G. Fung, and H.-M. Chen. 2013. “An Analysis of Stock Repurchase in Taiwan.” International Review of Economics & Finance 27: 497–513. doi:10.1016/j.iref.2013.01.007.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.