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Applied Economics Letters Volume 27, 2020 - Issue 15
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Research Article

Does the new round of Company Law revision in China affect market reaction to share repurchase announcements?

Dan Yanga Department of Accounting, Business School, Beijing Normal University, Beijing, ChinaView further author information
,
Guojun Wangb Department of Management and Engineering, School of Management and Engineering, Nanjing University, Nanjing, ChinaCorrespondence[email protected]
View further author information
&
Yuetang Wangc Department of Accounting, Business School, Nanjing University, Nanjing, ChinaView further author information
Pages 1229-1233 | Published online: 11 Oct 2019

References

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  • Bessler, W., W. Drobetz, and M. Seim. 2009. “Motives and Valuation Effects of Share Repurchase Announcements in Germany.” Working paper, Justus Liebig University Giessen.
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  • Hackethal, A., and A. Zdantchouk. 2006. “Signaling Power of Open Market Share Repurchases in Germany.” Financial Markets and Portfolio Management 20 (2): 123–151. doi:10.1007/s11408-006-0011-9.
  • Ikenberry, D. L., J. Lakonishok, and T. Vermaelen. 1995. “Market Underreaction to Open Market Share Repurchases.” Journal of Financial Economics 39: 181–208. doi:10.1016/0304-405X(95)00826-Z.
  • Jiang, Z., K. A. Kim, E. Lie, and S. Yang. 2013. “Share Repurchases, Catering, and Dividend Substitution.” Journal of Corporate Finance 21 (1): 36–50. doi:10.1016/j.jcorpfin.2013.01.004.
  • La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. Vishny. 2002. “Investor Protection and Corporate Valuation.” Journal of Finance 57 (3): 1147–1170. doi:10.1111/1540-6261.00457.
  • Oswald, D., and S. Young. 2004. “What Role Taxes and Regulation? A Second Look at Open Market Share Buyback Activity in the UK.” Journal of Business Finance & Accounting 31 (1‐2): 257–292. doi:10.1111/jbfa.2004.31.issue-1-2.
  • Siems, M., and A. De Cesari. 2012. “The Law and Finance of Share Repurchases in Europe.” Journal of Corporate Law Studies 12 (1): 33–57. doi:10.5235/147359712800129894.
  • Skinner, D. J. 2008. “The Evolving Relation between Earnings, Dividends, and Stock Repurchases.” Journal of Financial Economics 87 (3): 582–609. doi:10.1016/j.jfineco.2007.05.003.

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