Equity Undervaluation and Decisions Related to Repurchase Tender Offers: An Empirical Investigation

236 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Does Investor Misvaluation Drive the Takeover Market (2003, unknown): “, Fama and French (1996) and Daniel and Titman (1997), and the review of Daniel, Hirshleifer, and Teoh (2002).”
Equity Mispricing and Leverage Adjustment Costs (2012, unknown): “For example, D’Mello and Shroff (2000) find that undervaluation measured by the residual income model reliably predicts share repurchase activity.”
Investor Psychology in Capital Markets: Evidence and Policy Implications (2001, unknown): “, Sundaresan (1989), Constantinides (1990), Epstein and Zin (1989, 1991), Hansen et al. (1999) and Barberis et al.”
Market timing and the debt-equity choice (2008, methodology): “The residual income model is also used in a similar context by D’Mello and Shroff (2000) and Jindra (2000), and Dong, Hirshleifer, Richardson and Teoh (2002).”
Offsetting Illegitimacy? How Pressures from Securities Analysts Influence Incumbents in the Face of New Technologies (2012, background): “theory research stream since DiMaggio and Powell (1983) is that the pressures from external institutions”
Overvalued Equity and Financing Decisions (2012, unknown): “For example, D’Mello and Shroff (2000) found that in their sample of repurchasing firms, firms’ terminal value was on average 11% of their total residual income value, whereas using a dividend discount model the terminal value was 58% of total value.”