|
References
1.Ashworth, P, Davis, EP., 2001. Some evidence on financial factors in the determination of aggregate business investment for the G7 countries. National Institute Discussion Paper No. 187. 2.Brav, A., Graham, J., Harvey, C., and Michaely, R., 2005. Payout policy in the 21st century. Journal of Financial Economics 77,483–527. 3.Bushee, B., 1998. The Influence of Institutional Investors on Myopic R&D Investment Behavior. Accounting Review 305-333. 4.Crutchley, C.E., Jensen, M.R., Jahera, J.S. and Raymond, J.E. 1999. Agency Problems and The Simultaneity Of Financial Decision Making: The Role Of Institutional Ownership. International Review of Financial Analysis 8, 177-197. 5.Chen, C. and M.-M. Wen, 2004. The Credibility of Stock Repurchase Signals. FMA New Orleans Annual Meeting Paper. 6.Chen, X., Harford, J., Li, K., 2007. Monitoring: Which institutions matter? Journal of Financial Economics 86, 279–305. 7.Chay, J. B. and Suh J., 2009. Payout policy and cash-flow uncertainty. Journal of Financial Economics 93, 88-107. 8.Chemmanur, T.J., Cheng, Y., and Zhang, T., 2010. Why Do Firms Undertake Accelerated Share Repurchase Programs? Working paper, SSRN. 9.De Cesari, A., Espenlaub, S., Khurshed, A.and, Simkovic, M., 2009. Insider ownership, institutional ownership, and the timing of open market stock repurchases. Working paper, SSRN. 10.Dittmar, A. K., 2000. Why do firms repurchase stock? Journal of Business 73, 321-356.
11.Denis, D.J., Denis, D., and Arin, A., 1997. Agency problems, equity ownership, and corporate diversification. Journal of Finance 52, 135-160. 12.Grullon, G., and Michaely, R., 2007. Corporate Payout Policy and Product Market Competition. AFA 2008 New Orleans Meetings Paper. 13.Grullon, G., Michaely R. and Swaminathan B., 2002. Are dividend changes a sign of firm maturity? Journal of Business 75, 387−424. 14.Grullon, G.; Michaely R.; Benartzi S. and Thaler R., 2005. Dividend Changes Do Not Signal Changes in Future Profitability. Journal of Business 78, 1659–82. 15.Grinstein, Y., Michaely, R., 2005. Institutional holdings and payout policy. Journal of Finance 60, 1389–1426. 16.Grullon, G., and Michaely R., 2002 Dividends, share repurchases, and the substitution hypothesis. Journal of Finance 57, 1649-1684. 17.Grullon, G., and Michaely R., 2004. The information content of share repurchases. Journal of Finance 59, 651–680. 18.Ikenberry, D., Lakonishok, J., Vermaelen, T., 1995. Market underreaction to open market share repurchases. Journal of Financial Economics 39, 181-208. 19.Jain, R., 2007. Institutional and individual investor preferences for dividends and share repurchases. Journal of Economics and Business 59, 406-429. 20.John, K., Knyazeva, A, 2006.Payout Policy, Agency Conflicts, and Corporate Governance. Working paper, SSRN. 21.Jensen, Michael,1986. Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers. American Economic Review. 323-329. 22.Lie, E., 2005, Operating performance following open market share repurchase announcements. Journal of Accounting and Economics 39, 411–436 23.Massa, M., Rehman, Z., Vermaelen, T., 2007. Mimicking repurchases.Journal of Financial Economics 84, 624–666. 24.Myers, S.C., 1984. The capital structure puzzle. Journal of Finance 39, 575-592. 25.Gaspar, J.-M., Massa, M., Matos, P., Patgiri, R. and Rehman, Z., 2005, Can Buybacks be a Product of Shorter Shareholder Horizons? AFA Philadelphia Meetings Paper; 26.Skinner, D., 2008. The Evolving Relation between Earnings, Dividends, and Stock Repurchases. Journal of Financial Economics 87, 582-609. 27.Sinha, M., Sunder, J. and Swaminathan, B., 2006. Payout Policy and Cost of Capital. Working paper, SSRN. 28.Sias, R., L. Starks, and S. Titman. 2006. Changes in Institutional Ownership and Stock Returns: Assessment and Methodology. Journal of Business 79, 2869–2910.
|