search query: @author Kale, J.R. / total: 3
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| Author: | Gay, G.D. Kale, J.R. Noe, T.H. |
| Title: | Share repurchase mechanisms: a comparative analysis of efficacy, shareholder wealth, and corporate control effects |
| Journal: | Financial Management
1991 : VOL. 20:1, p. 44-59 |
| Index terms: | SHAREHOLDERS FINANCIAL CONTROL SHARE PRICES |
| Language: | eng |
| Abstract: | Analysis of 3 repurchase mechanisms where shareholders do not value their shares identically or are heterogeneous in their share valuation. Open market share repurchase. Shareholder heterogeneity and share repurchase. Reservation prices and share valuation. Investor tendering strategies. Efficacy of the 3 repurchase mechanisms. Definition. Simultation results. Wealth effects and announcement returns. Control effects. Caveats and extensions. Private values and bids. Four Exhibits illustrate the study. |
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