| Author: | Lie, E. McConnell, J. J. |
| Title: | Earnings signals in fixed-price and Dutch auction self-tender offers. |
| Journal: | Journal of Financial Economics
1998 : AUG, VOL. 49:2, p. 161-186 |
| Index terms: | Stock repurchases Corporate earnings Auctions |
| Language: | eng |
| Abstract: | The authors test whether the earnings improvement following fixed-price self-tender offers is greater than that following Dutch auction self-tender offers. They find some evidence that earnings improve following both types of self-tender offers. They find no difference in earnings improvement between the two types of offers. |
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