The Performance of Taiwanese Firms After a Share Repurchase Announcement

TY - JOUR

T1 - The Performance of Taiwanese Firms After a Share Repurchase Announcement

AU - Hsu, Chuan-Hao

AU - Fung, Hung-Gay

AU - Chang, Yi-Ping

N1 - Chuan-Hao Hsu Hung-Gay Fung Yi-Ping Chang This study uses stochastic dominance analysis to examine the financial performance of Taiwanese firms from 2000 to 2013 after their announcement of a share repurchase program. Our results show that the firms in the repurchase portfolio perform poorly prior to the announcement, but improve dramatically to outperform different benchmarks after the repurchase announcement.

PY - 2016/1/11

Y1 - 2016/1/11

UR - https://link.springer.com/content/pdf/10.1007%2Fs11156-015-0537-x.pdf

U2 - 10.1007/s11156-015-0537-x

DO - 10.1007/s11156-015-0537-x

M3 - Article

VL - 47

JO - Review of Quantitative Finance and Accounting

JF - Review of Quantitative Finance and Accounting

ER -