TSX Stock Repurchase Announcements and the Impact of TSX Disclosure Requirements

James Matthew Moore

International Journal of Financial Research, 2013, vol. 4, issue 2, 19-32

Abstract: This paper examines the market reaction to Toronto Stock Exchange (TSX) stock repurchase announcements. The findings indicate that TSX stock repurchase announcements result in a significant market reaction and provide mixed support for the TSX requirements to disclose the reason(s) for a stock repurchase program and to report actual share repurchases on a timely basis.

Keywords: repurchases; event study; credibility; disclosure (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:ijfr11:v:4:y:2013:i:2:p:19-32

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