TSX Stock Repurchase Announcements and the Impact of TSX Disclosure Requirements

This paper examines the market reaction to Toronto Stock Exchange (TSX) stock repurchase announcements. The findings indicate that TSX stock repurchase announcements result in a significant market reaction and provide mixed support for the TSX requirements to disclose the reason(s) for a stock repurchase program and to report actual share repurchases on a timely basis.

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Year of publication:	2013
Authors:	Moore, James Matthew
Published in:	International Journal of Financial Research. - International Journal of Financial Research, Sciedu Press. - Vol. 4.2013, 2, p. 19-32
Publisher:	International Journal of Financial Research, Sciedu Press
Subject:	repurchases \| event study \| credibility \| disclosure

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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