The Takeover Deterrent Effect of Open Market Share Repurchases

By Matthew T. Billett, H. Xue. 2007

245 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/72b1476944cbe0e9c201dbdc8d5730d12b2adf59

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In Accounting

1. Brossa Wong
2. C. Man

In Economics and Econometrics

1. Brossa Wong
2. C. Man

Citations in the corpus

• Do Nonfinancial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers (2012, unknown): “We then estimate Probit and Logit models in which we relate the probability that a firm is acquired to lagged unionization rates and the control variables in Billett and Xue (2007).”
• Corporate Governance and Earnings Management: A Survey of Literature (2013, background): “When firms face a higher probability of being acquired or losing control, they have more incentive to engage in practices to reduce this likelihood (Comment and Schwert, 1995; Billet and Xue, 2007), and are more likely to repurchase their own stocks.”
• Errors in Estimating Share Repurchases (2008, unknown): “20 See Billet and Xue (2007), Gong, Louis and Sun (2008) or Lie (2005), for example.”