(Dutch) auction share repurchases

被引：5
|
作者：
Gay, GD
Kale, JR
Noe, TH
机构：
来源：
ECONOMICA | 1996年 / 63卷 / 249期
关键词：
D O I：
10.2307/2554634
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Optimal shareholder bidding strategies in a dutch auction share repurchase are derived when shareholder heterogeneity could be due to either differential expectations regarding the firm's future earnings or differential tax bases. Predictions of the theory are tested by analysing the actual tender premiums paid by firms completing dutch auction share repurchases.
引用
收藏
页码：57 / 80
页数：24
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