This paper uses an event study methodology to examine the stock price behavior surrounding announcements of stock repurchases made by Taiwan firms from 2000 to 2008. Our analysis shows that stock prices go up in response to stock repurchase announcements. We also find the announcement effects...

This study examines whether “a high dividend yield is equivalent to a high return”. For constructing a proposed portfolio, we use the panel data of listed companies' dividends in six consecutive quarters, and other financial data to estimate expected current yields, which more conform to...