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Open market share repurchases and the free cash flow hypothesis G35

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  • Vafeas, Nikos
  • Maurice Joy, O.

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  • Vafeas, Nikos & Maurice Joy, O., 1995. "Open market share repurchases and the free cash flow hypothesis G35," Economics Letters, Elsevier, vol. 48(3-4), pages 405-410, June.
    • Handle: RePEc:eee:ecolet:v:48:y:1995:i:3-4:p:405-410
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    References listed on IDEAS

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    1. Lang, Larry H. P. & Stulz, ReneM. & Walkling, Ralph A., 1991. "A test of the free cash flow hypothesis*1: The case of bidder returns," Journal of Financial Economics, Elsevier, vol. 29(2), pages 315-335, October.
    2. Kenneth Lehn & Annette Poulsen, 1989. "Free Cash Flow and Stockholder Gains in Going Private Transactions," Journal of Finance, American Finance Association, vol. 44(3), pages 771-787, July.
    3. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    4. Lindenberg, Eric B & Ross, Stephen A, 1981. "Tobin's q Ratio and Industrial Organization," The Journal of Business, University of Chicago Press, vol. 54(1), pages 1-32, January.
    5. Howe, Keith M & He, Jia & Kao, G Wenchi, 1992. "One-Time Cash Flow Announcements and Free Cash-Flow Theory: Share Repurchases and Special Dividends," Journal of Finance, American Finance Association, vol. 47(5), pages 1963-1975, December.
    6. Lehn, Kenneth & Poulsen, Annette, 1989. " Free Cash Flow and Stockholder Gains in Going Private Transactions," Journal of Finance, American Finance Association, vol. 44(3), pages 771-787, July.
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    Cited by:

    1. Douglas Lamdin, 2001. "Handle with care: cost of equity estimation with the discounted dividend model when corporations repurchase," Applied Financial Economics, Taylor & Francis Journals, vol. 11(5), pages 483-487.
    2. Nikos Vafeas & Catherine Shenoy, 2005. "An empirical investigation of capital expenditure announcements," Applied Economics Letters, Taylor & Francis Journals, vol. 12(14), pages 907-911.
    3. Grey, Colette & Flynn, Antoinette & Donnelly, Ray, 2020. "Management compensation contracts and distribution policies in the US technology sector," International Review of Financial Analysis, Elsevier, vol. 67(C).
    4. Kang, Jun-Koo & Kim, Kenneth A. & Kitsabunnarat-Chatjuthamard, P. & Nishikawa, Takeshi, 2011. "The effects of bank relations on stock repurchases: Evidence from Japan," Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 94-116, January.

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