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The Differential Information Conveyed By Share Repurchase Tender Offers And Dividend Increases

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  • Dosoung Choi
  • Sheng-Syan Chen

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  • Dosoung Choi & Sheng-Syan Chen, 1997. "The Differential Information Conveyed By Share Repurchase Tender Offers And Dividend Increases," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 20(4), pages 529-543, December.
    • Handle: RePEc:bla:jfnres:v:20:y:1997:i:4:p:529-543
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1997.tb00264.x
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    References listed on IDEAS

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    1. Hertzel, Michael & Jain, Prem C., 1991. "Earnings and risk changes around stock repurchase tender offers," Journal of Accounting and Economics, Elsevier, vol. 14(3), pages 253-274, September.
    2. Brennan, Michael J & Thakor, Anjan V, 1990. "Shareholder Preferences and Dividend Policy," Journal of Finance, American Finance Association, vol. 45(4), pages 993-1018, September.
    3. Healy, Paul M. & Palepu, Krishna G., 1988. "Earnings information conveyed by dividend initiations and omissions," Journal of Financial Economics, Elsevier, vol. 21(2), pages 149-175, September.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. Dann, Larry Y. & Masulis, Ronald W. & Mayers, David, 1991. "Repurchase tender offers and earnings information," Journal of Accounting and Economics, Elsevier, vol. 14(3), pages 217-251, September.
    6. Ofer, Aharon R & Thakor, Anjan V, 1987. "A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends," Journal of Finance, American Finance Association, vol. 42(2), pages 365-394, June.
    7. Aharony, Joseph & Swary, Itzhak, 1980. "Qtrly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis," Journal of Finance, American Finance Association, vol. 35(1), pages 1-12, March.
    8. Dann, Larry Y., 1981. "Common stock repurchases : An analysis of returns to bondholders and stockholders," Journal of Financial Economics, Elsevier, vol. 9(2), pages 113-138, June.
    9. Venkatesh, P C, 1989. "The Impact of Dividend Initiation on the Earnings Announcements and Returns Volatility," The Journal of Business, University of Chicago Press, vol. 62(2), pages 175-197, April.
    10. Chou, Ray Yeutien, 1988. "Volatility Persistence and Stock Valuations: Some Empirical Evidence Using Garch," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 3(4), pages 279-294, October-D.
    11. Asquith, Paul & Mullins, David W, Jr, 1983. "The Impact of Initiating Dividend Payments on Shareholders' Wealth," The Journal of Business, University of Chicago Press, vol. 56(1), pages 77-96, January.
    12. Healy, Pm & Palepu, Kg, 1990. "Earnings And Risk Changes Surrounding Primary Stock Offers," Journal of Accounting Research, Wiley Blackwell, vol. 28(1), pages 25-48.
    13. Brickley, James A., 1983. "Shareholder wealth, information signaling and the specially designated dividend : An empirical study," Journal of Financial Economics, Elsevier, vol. 12(2), pages 187-209, August.
    14. Vermaelen, Theo, 1981. "Common stock repurchases and market signalling : An empirical study," Journal of Financial Economics, Elsevier, vol. 9(2), pages 139-183, June.
    15. French, Kenneth R. & Schwert, G. William & Stambaugh, Robert F., 1987. "Expected stock returns and volatility," Journal of Financial Economics, Elsevier, vol. 19(1), pages 3-29, September.
    16. repec:bla:jfinan:v:43:y:1988:i:4:p:1041-48 is not listed on IDEAS
    17. Masulis, Ronald W, 1980. "Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes," Journal of Finance, American Finance Association, vol. 35(2), pages 305-319, May.
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    Cited by:

    1. Komlan Sedzro, 2010. "A Unifying Approach For Comparing Onetime Payouts And Recurring Dividends," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 4(2), pages 141-154.
    2. Hirtle, Beverly, 2004. "Stock repurchases and bank holding company performance," Journal of Financial Intermediation, Elsevier, vol. 13(1), pages 28-57, January.
    3. Chun-An Li & Tse-Mao Lin & Ching-Han Chuang, 2019. "Can The Open Market React To Stock Repurchases Announcement Correctly?," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 13(1), pages 31-52.
    4. Bradley Benson & Travis Davidson & Hui James & Hongxia Wang, 2022. "Board busyness and corporate payout: are all busy directors the same?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3711-3759, September.
    5. Beverly Hirtle, 2001. "How do stock repurchases affect bank holding company performance?," Staff Reports 123, Federal Reserve Bank of New York.
    6. Sharad C. Asthana, 2010. "Real Earnings Management through Share Repurchases," Working Papers 0105, College of Business, University of Texas at San Antonio.

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