Share repurchase and firm performance in Malaysia
ThiS paper discusses the share repurchase and its relation with the firm performance by Malaysian firms from January 2005 to December 2009. The evidence indicates that ROA have a significant relationship with the total consideration paid for repurchase, dividend yield, debt, days spent to repurch...
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Main Author: | |
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Format: | Thesis |
Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | http://ir.unimas.my/id/eprint/9068/2/Wang%20Eng%28fulltext%29.pdf |
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Summary: | ThiS paper discusses the share repurchase and its relation with the firm performance
by Malaysian firms from January 2005 to December 2009. The evidence indicates
that ROA have a significant relationship with the total consideration paid for
repurchase, dividend yield, debt, days spent to repurchase and cash flow. This
evidence could be interpreted as profitable firms repurchase more shares to signal
the undervaluation of their current stock price relative to their fundamenta~ |
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