碩士 / 世新大學 / 財務金融學研究所(含碩專班) / 99 / This article explores the effect of stock repurchases on abnormal returns surrounding the Financial Tsunami. My paper uses the event study methodology to test the announcement effects, and has found the following:
1. This announcement has found that the sample before announcement day has a significant negative abnormal returns for several days. Significant and positive abnormal returns are found during the first day and the second day but the abnormal
returns are not persistent.
2. In this paper, using the t-statistics tests the differences before and after two periods of financial crisis, the announcement effect of treasury shares and treasury shares of the company characteristics are slightly different.
| Identifer | oai:union.ndltd.org:TW/099SHU05304039 |
| Date | January 2011 |
| Creators | Ya-wen Tsai, 蔡雅文 |
| Contributors | none, 王仁宏 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 50 |
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