...A.N. Ashitha; Manish Bansal; G. Naresh Purpose This study aims to investigate how cash holdings and growth opportunities influence market reactions to share repurchase announcements in a high-growth emerging market. We also examine the distinct impact of repurchase modes, specifically fixed-price...

... and take advantage of the idiosyncratic mispricing of the stock than follow-on SEOs. On the contrary, both macroeconomic and firm-specific growth opportunities are more important for follow-on SEOs than for first SEOs. Originality/value – The paper employs a novel econometric method to depict...