Does price react to fixed price tender offer share buyback announcement?

• المؤلفون الرئيسيون: Kadir @ Shahar, Hanita, Abdullah, Nur Adiana Hiau
• التنسيق: مقال
• اللغة: English
• منشور في: Universiti Utara Malaysia 2007
• الموضوعات: HG Finance
• الوصول للمادة أونلاين: http://repo.uum.edu.my/16/1/Nur_Adiana_Hiau_bt_Abdullah.pdf; http://repo.uum.edu.my/16/; http://ijms.uum.edu.my

This paper investigates stock market reactions to share buyback announcements, specifically with the fixed price tender offer mechanism. An event study methodology was used to examine stock price reaction of 30 observations involving 21 listed companies surrounding the announcement dates. Two model...