https://scholars.lib.ntu.edu.tw/handle/123456789/414870
標題: | Informed traders: Linking legal insider trading and share repurchases | 作者: | Chan K. Ikenberry D.L. Lee I. Wang Y. |
公開日期: | 2012 | 卷: | 68 | 期: | 1 | 起(迄)頁: | 60-73 | 來源出版物: | Financial Analysts Journal | 摘要: | Logic suggests that a link might exist between insider trades and share repurchases because of their potential to signal mispricing when market prices deviate from fair value; both events emanate from essentially the same set of decision makers. Using the overall repurchase sample, adding insider- trading information is generally not helpful. For "value" bui/back companies, however; where perceived mispricing may be a more important factor, insider trading provides a strong complement to the repurchase signal. ? 2014 Institute. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/414870 | ISSN: | 0015198X | DOI: | 10.2469/faj.v68.n1.3 |
顯示於: | 財務金融學系 |
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