The Study on Motives of Repurchase Stock in Korea
This paper examines the motives of the stock repurchase in Korea. Extant literature on the stock repurchases has documented a positives stock returns around the announcement and suggested the informat...
The Study on Motives of Repurchase Stock in Korea
This paper examines the motives of the stock repurchase in Korea. Extant literature on the stock repurchases has documented a positives stock returns around the announcement and suggested the information signaling hypothesis as a theory of stock repurchases in this theory. Stock repurchase form 1996 to 2004 are used as sample. Also, four hypothesis are used to study. Hypothesis is under value, protect M&A, leverage, cashflow.
The result are accepted two hypothesis, leverage, cashflow.