Brockman, Paul; Khurana, Inder K.; Martin, Xiumin - In: Journal of Financial Economics 89 (2008) 1, pp. 175-191
Managers increase the frequency and magnitude of bad news announcements during the 1-month period prior to repurchasing shares. To a lesser extent, they also increase the frequency and magnitude of good news announcements during the 1-month period following their repurchases. These results are...
