Capital market reaction to share repurchase announcements : an empirical test on Shanghai Stock Exchange (SSE)

Chen, Fei

dc.contributor.advisor	Boabang, Francis
dc.coverage.spatial	Shanghai (China)
dc.creator	Chen, Fei
dc.date.accessioned	2013-09-11T17:47:37Z
dc.date.available	2013-09-11T17:47:37Z
dc.date.issued	2013
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/25155
dc.description	1 online resource (iv, 31 p.) : col. ill.
dc.description	Includes abstract and appendix.
dc.description	Includes bibliographical references (p. 28-29).
dc.description.abstract	This paper designs an event study to empirically test if there is an abnormal return aroused by share repurchase announcements in Chinese capital market. By using the Market Model, we get the data of abnormal returns, cumulative abnormal returns, which are used for 11-day and 21-day windows testing. After the t-tests and the bootstrap tests, the results indicate that there exists a positive relationship between the stock buybacks and the abnormal return surrounding the repurchase announcement date.	en_CA
dc.description.provenance	Submitted by Trish Grelot (trish.grelot@smu.ca) on 2013-09-11T17:47:37Z No. of bitstreams: 1 chen_fei_mrp_2013.pdf: 647192 bytes, checksum: 4038d6549d828eb0732c6c78815c83c4 (MD5)	en
dc.description.provenance	Made available in DSpace on 2013-09-11T17:47:37Z (GMT). No. of bitstreams: 1 chen_fei_mrp_2013.pdf: 647192 bytes, checksum: 4038d6549d828eb0732c6c78815c83c4 (MD5)	en
dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary's University
dc.title	Capital market reaction to share repurchase announcements : an empirical test on Shanghai Stock Exchange (SSE)	en_CA
dc.type	Text	en_CA
thesis.degree.name	Master of Finance
thesis.degree.level	Masters
thesis.degree.discipline	Finance, Information Systems, & Management Science
thesis.degree.grantor	Saint Mary's University (Halifax, N.S.)