The Optimal Timing of Open Market
Stock Repurchases

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题名:	The Optimal Timing of Open Market Stock Repurchases
作者:	許志成Chih-Chen Hsu, 安德魯斯．克勞斯Andreas Krause,俞明德 Min-Teh Yu
贡献者:	National Chung Cheng University,University of Bath,Providence University
关键词:	Stock repurchases, real option, optimal repurchase amount, optimal timing, announcement returns
日期:	2010
上传时间:	2013-08-07 01:25:57 (UTC+0)
出版者:	National Chung Cheng University,University of Bath,Providence University
摘要:	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.
關聯:	2010中部學術財金研討會論文發表
显示于类别:	[財務金融學系] 會議論文

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