Mimicking Repurchases by Massimo Massa, Zahid Rehman, Theo Vermaelen

SSRN-Mimicking Repurchases by Massimo Massa, Zahid Rehman, Theo VermaelenInteresting!Most examinations of stock buybacks find that the management is conveying information to the market about the relative valuation of the firm. Thus, buybacks are seen as good signals and the price tends to increase atthe time of the announcement and (at least according to some authors) continue to outperform in