Papaioannou, Thomas

2018-05-03T00:00:16Z

https://repository.ihu.edu.gr//xmlui/handle/11544/29068

Share repurchase announcement

Excess return

Open - market repurchase

masterThesis

Stock options

free

School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance

This dissertation was written as part of the MSc in Banking & Finance at the International Hellenic University. The corporate activity of share repurchasing follows increasingly trends over the last 3 decades and i t has been analyzed many times in the past from different point of views. The matters that are used to be analyzed more are these of wealth effects during the announcement day, the agency cost and finally the wealth effects of share repurchase to the share holders long - run. The current st udy tries to spot light on very important corporate action, this of share repurchase activity and its wealth effects to the shareholders log - run . The study includes companies only from the financial area of the United Kingdo m and listed on the London Stock Exchange. The share repurchase activities of the companies that included in my sample have been executed and completed successfully durin g the period of 2006 - 2014 and I investigate if this corporate action can create positi ve or negativ e value to the shareholders. The models that I used for my study are two, firstly the BHARs model and secondly the regression analysis. My results could be characterized neutral for the first six months of 2015 while during second term of 2015 recorded small positive values

Dasilas, Apostolos

Syriopoylos

ihu

2006 - 2014