The Optimal Timing of Open Market
Stock Repurchases

ASIAIR > College of Management > Department of Finance > Proceedings > Item 310904400/63684

Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/63684

Title:	The Optimal Timing of Open Market Stock Repurchases
Authors:	許志成Chih-Chen Hsu, 安德魯斯．克勞斯Andreas Krause,俞明德 Min-Teh Yu
Contributors:	National Chung Cheng University,University of Bath,Providence University
Keywords:	Stock repurchases, real option, optimal repurchase amount, optimal timing, announcement returns
Date:	2010
Issue Date:	2013-08-07 01:25:57 (UTC+0)
Publisher:	National Chung Cheng University,University of Bath,Providence University
Abstract:	Using a continuous-time real options approach we determine the conditions under which a value-maximizing company would conduct a stock repurchase. The optimal repurchase timing, repurchase amount can be determined endogenously and we derive the size of the announcement returns.
Relation:	2010中部學術財金研討會論文發表
Appears in Collections:	[Department of Finance] Proceedings

Files in This Item:

There are no files associated with this item.