Miller, James M.; McConnell, John J. - In: Journal of Financial and Quantitative Analysis 30 (1995) 03, pp. 365-382
This study analyzes bid-ask spreads surrounding announcements of open-market share repurchase programs for a sample of 248 announcements of repurchase programs by NYSE firms over the period January 1984 through June 1988. The sample includes 158 announcements of new programs and 90 announcements...
