English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 59131/92571 (64%)
造访人次 : 735846      在线人数 : 50
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/20271


    题名: The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan
    作者: 陳妙珍;Chen, Miaw-jane;陳炤良;Chen, Chao-liang;Cheng, Wan-hsiu
    贡献者: 淡江大學會計學系;淡江大學經濟學系
    关键词: Restricted open market share repurchases;traditional signaling hypothesis;free cash flow hypothesis;Taiwan
    日期: 2004-09-01
    上传时间: 2009-11-30 12:39:47 (UTC+8)
    出版者: World Scientific Publishing
    摘要: In this paper we empirically examine the effects of 451 restricted share repurchase announcements in Taiwan. Their 3-day cumulative abnormal returns are all significantly positive for different purposes and Tobin's qs. However, there is no significant difference in abnormal returns for different repurchasing purposes. This indicates that mandating a purpose is not really an effective tool for limiting managerial choice. Moreover, when the related variables are controlled, the other empirical results we conducted indicate that, at least in Taiwan, the traditional signaling hypothesis and the free cash flow hypothesis can function simultaneously to explain the effects of the restricted repurchase announcements.
    關聯: Review of pacific basin financial markets and policies 7(3), pp.335-354
    DOI: 10.1142/S0219091504000147
    显示于类别:[會計學系暨研究所] 期刊論文
    [經濟學系暨研究所] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    index.html0KbHTML492检视/开启
    The Announcement Effects of Restricted Open Market Share Repurchases Experience from Taiwan.pdf199KbAdobe PDF0检视/开启

    在機構典藏中所有的数据项都受到原著作权保护.

    TAIR相关文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回馈