Akyol, Ali; Kim, Jin S.; Shekhar, Chander - In: International Review of Finance 14 (2014) 3, pp. 319-343
We examine the choice between accelerated share repurchase (ASR) and open market repurchase (OMR) as repurchase mechanisms between 2004 and 2007. For a sample of ASRs and OMRs that actually buy shares in the announcement quarter, we find that ASR firms have lower market-to-book ratios, less...
