Investment Strategies Based on Completion of Open Market Repurchase Programs

CFA Digest ◽  
1998 ◽  
Vol 28 (3) ◽  
pp. 72-73
2020 ◽  
Vol 8 (6) ◽  
pp. 4011-4016

This article planned the power investment strategies that coordinates the power distribution line loss component with the distribution factors. Improved power investment strategies technique for the entire power market. The online price estimator analyzes transfer breaks down exchange rates dependent on specific instruments at the advancement cost list , which work vigorously to modify offers and agreement the executives, which implies that online vitality exchanging expenditure a ton of cash. The planned approach was tried on the IEEE30 bus test arrangement utilizing MATLAB documents from the MATPOWER reproduction program to break down the vitality stream and perfect vitality stream issues. It is a reenactment device that permits reviews and educators to be handily utilized and adjusted to exhibit the various outcomes between valuing plans. The diverse value parameters are a fundamental game plan in the test arrangement, which is associated with overburdening, steering, and promote the techno-financial examination of the exchanging theory with the foundation computations completed. accessible online as an extra establishment


2017 ◽  
Vol 9 (12) ◽  
pp. 13
Author(s):  
Kenneth Högholm ◽  
Victor Högholm

Share repurchase programs have during the past few decades become an important way of distributing cash to shareholders since they are viewed by managers as more flexible than dividends. Open market repurchase authorizations effectively also give managers an option to repurchase shares when they view their stock as undervalued. This study exploits a data set of open market repurchases programs initiated by Finnish stock market listed companies. Finland is unique with regard to the disclosure requirements of open market repurchase programs, which enables an examination of the information content in both the initiation announcement as well as in the announcement of actual repurchases. The study covers all 293 share repurchase programs initiated between 1998 and 2013. The results show a significant positive announcement effect of about 2 percent on the initiation day. The CAAR over a five day event window is also about 1.5 percent (statistically significant). Furthermore, an additional statistically positive effect of 1.5 percent is found on the first repurchase day (about 1.1 percent over a five day event window). The positive announcement effect is larger for announcements regarding initiations of the first or the second repurchase program for a company.


1998 ◽  
Vol 53 (1) ◽  
pp. 313-333 ◽  
Author(s):  
Clifford P. Stephens ◽  
Michael S. Weisbach

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