Managerial overconfidence and the buyback anomaly

Keyphrases

• Financially Constrained Firms 100%
• Managerial Overconfidence 100%
• Buyback 100%
• Confidence Level 50%
• Breaking Bad News 50%
• Abnormal Returns 50%
• Cost of Capital 50%
• Repurchase 50%
• High Cost 50%
• Book-to-market Ratio 50%
• Ratio Indicators 50%
• Underpricing 50%
• Dividends 50%
• Negative Earnings 50%
• Stock Return Performance 50%
• Long-run Abnormal Returns 50%
• Share Repurchase Announcements 50%
• Overreaction 50%
• Overvaluation 50%

Economics, Econometrics and Finance

• Profit 100%
• Capital Market Returns 100%
• Firm Value 100%
• Cost of Capital 100%
• Share Repurchase 100%