| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢; 黃嘉威 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan; Huang, Chia-Wei | en_US |
| dc.creator (作者) | Ho, Keng-Yu; Ho, Po-Hsin; Kim, Wai H; Wang, Yanzhi | en_US |
| dc.date (日期) | 2013-01 | - |
| dc.date.accessioned | 15-Jun-2018 12:15:57 (UTC+8) | - |
| dc.date.available | 15-Jun-2018 12:15:57 (UTC+8) | - |
| dc.date.issued (上傳時間) | 15-Jun-2018 12:15:57 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117783 | - |
| dc.description.abstract (摘要) | We examine the motives behind the share repurchase decisions of initial public offering (IPO) firms by studying the stock and operating performance after the IPO date. We find that IPO firms that announce repurchases within 3 years of IPO dates exhibit poorer long-run abnormal operating performance than other IPO firms. These IPO firms also experience poorer stock return performance and downward analyst forecast revisions. Moreover, these firms show intensive insider selling transactions after the IPO date. These results for IPO announcing repurchase firms are consistent with the misleading hypothesis, which suggests that these IPO firms mislead investors by announcing repurchases as false signals. | en_US |
| dc.format.extent | 426101 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Banking and Finance, Vol.37, No.1, pp.32-42 | zh_TW |
| dc.subject (關鍵詞) | Initial public offering; Repurchase; Buyback | en_US |
| dc.title (題名) | Buyback Behavior of Initial Public Offering Firms | en_US |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1016/j.jbankfin.2012.08.006 | - |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.jbankfin.2012.08.006 | - |
