How Are Stock Repurchases Being Used? A long-term Study

@inproceedings{Abdou2019HowAS,
  title={How Are Stock Repurchases Being Used? A long-term Study},
  author={Khaled Khalil Abdou and Pia Gupta},
  year={2019}
}
We investigate the long-term effect of companies’ reuse of stock buybacks through three corporate events namely, stock options, mergers & acquisitions, and seasoned equity offerings. Specifically, our analysis focuses on two issues over a 3-year period following a repurchase announcement. First, we use a multivariate regression to analyze determinants of the long-term cumulative abnormal return (CAR) given companies’ choice of event and degree of execution. Second, we use a multinomial logit… CONTINUE READING