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The Impact Of Targeted Share Repurchases On The Wealth Of Non-Participating Shareholders

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  • April Klein
  • James Rosenfeld

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  • April Klein & James Rosenfeld, 1988. "The Impact Of Targeted Share Repurchases On The Wealth Of Non-Participating Shareholders," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(2), pages 89-97, June.
    • Handle: RePEc:bla:jfnres:v:11:y:1988:i:2:p:89-97
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1988.tb00071.x
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    References listed on IDEAS

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    1. Jensen, Michael C. & Ruback, Richard S., 1983. "The market for corporate control : The scientific evidence," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 5-50, April.
    2. Mikkelson, Wayne H. & Ruback, Richard S., 1985. "An empirical analysis of the interfirm equity investment process," Journal of Financial Economics, Elsevier, vol. 14(4), pages 523-553, December.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Holderness, Clifford G. & Sheehan, Dennis P., 1985. "Raiders or saviors? The evidence on six controversial investors," Journal of Financial Economics, Elsevier, vol. 14(4), pages 555-555, December.
    5. DeAngelo, Harry & Rice, Edward M., 1983. "Antitakeover charter amendments and stockholder wealth," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 329-359, April.
    6. Andrei Shleifer & Robert W. Vishny, 1986. "Greenmail, White Knights, and Shareholders' Interest," RAND Journal of Economics, The RAND Corporation, vol. 17(3), pages 293-309, Autumn.
    7. Dann, Larry Y. & DeAngelo, Harry, 1983. "Standstill agreements, privately negotiated stock repurchases, and the market for corporate control," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 275-300, April.
    8. Linn, Scott C. & McConnell, John J., 1983. "An empirical investigation of the impact of `antitakeover' amendments on common stock prices," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 361-399, April.
    9. Bradley, Michael & Wakeman, L. Macdonald, 1983. "The wealth effects of targeted share repurchases," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 301-328, April.
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    Citations

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    Cited by:

    1. Ken Yook & Partha Gangopadhyay, 2011. "A comprehensive examination of the wealth effects of recent stock repurchase announcements," Review of Quantitative Finance and Accounting, Springer, vol. 37(4), pages 509-529, November.
    2. Manry, David & Nathan, Kevin, 1999. "Greenmail premia, board composition and management shareholdings," Journal of Corporate Finance, Elsevier, vol. 5(4), pages 369-382, December.
    3. Baker, H. Kent & Powell, Gary E. & Veit, E. Theodore, 2002. "Revisiting the dividend puzzle: Do all of the pieces now fit?," Review of Financial Economics, Elsevier, vol. 11(4), pages 241-261.
    4. Saeyoung Chang & Michael Hertzel, 2004. "Equity Ownership and Firm Value: Evidence from Targeted Stock Repurchases," The Financial Review, Eastern Finance Association, vol. 39(3), pages 389-407, August.
    5. James S. Ang & Alan L. Tucker, 1988. "The Shareholder Wealth Effects Of Corporate Greenmail," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(4), pages 265-280, December.
    6. Julian FRANKS & Colin MAYER & MIYAJIMA Hideaki & OGAWA Ryo, 2018. "Stock Repurchases and Corporate Control: Evidence from Japan," Discussion papers 18074, Research Institute of Economy, Trade and Industry (RIETI).
    7. H.Kent Baker & Gary E. Powell & E.Theodore Veit, 2002. "Revisiting the dividend puzzle," Review of Financial Economics, John Wiley & Sons, vol. 11(4), pages 241-261.
    8. Peyer, Urs C. & Vermaelen, Theo, 2005. "The many facets of privately negotiated stock repurchases," Journal of Financial Economics, Elsevier, vol. 75(2), pages 361-395, February.
    9. James M. Mahoney & Joseph T. Mahoney & Chamu Sundaramurthy, 1995. "Board structure, antitakeover provisions, and stockholder wealth," Research Paper 9516, Federal Reserve Bank of New York.
    10. Karyn L. Neuhauser & Wallace N. Davidson & John L. Glascock, 2011. "An analysis of failed takeover attempts and merger cancellations," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 7(4), pages 347-376, September.
    11. George P. Tsetsekos, 1993. "Valuation Effects Of Open Market Stock Repurchases For Financially Weak Firms," Review of Financial Economics, John Wiley & Sons, vol. 2(2), pages 29-42, March.

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