Firm Characteristics And Abnormal Returns During Share Repurchases
Table 3:
CAR(0,1) | Sig. (1-tailed) | |
CAR(0,1) | 1.000 | |
CAR(2,20) | -0.081** | 0.048 |
CAR(-20,20) | 0.192*** | 0.000 |
Debt Ratio | -0.093** | 0.028 |
Dividend Yield | -0.010 | 0.415 |
Earnings Per Share | -0.061 | 0.106 |
Firm Size | -0.081** | 0.047 |
Market-To-Book Value | 0.019 | 0.347 |
Prior Announcement Returns | -0.142*** | 0.002 |
Return on Assets | 0.014 | 0.386 |