..., is favorable enough. Our conditional event study models the abnormal announcement period return for the repurchasing firms as (Equation 4) William McNally can be contacted at: wmcnally@wlu.ca © Emerald Group Publishing Limited 2007 Repurchase agreements Information Stock returns...

... decisions help to inform this debate. Alan V. Douglas can be contacted at: adouglas@uwaterloo.ca © Emerald Group Publishing Limited 2007 Shares Repurchase agreements Dividends Managerialism Corporate governance As illustrated by Fisher Black's (1976) article titled “The dividend...

... like industrial firms, and families or individuals (not related to a director), increases the payout ratio. Luc Renneboog can be contacted at: luc.renneboog@uvt.nl © Emerald Group Publishing Limited 2007 Payments Dividends Shares Repurchase agreements Corporate governance Cash...