๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Optimal production and selling policies with fixed-price contracts and contingent-price offers

โœ Scribed by Cheng-Yuan Ku; Yi-Wen Chang


Book ID
113655448
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
335 KB
Volume
137
Category
Article
ISSN
0925-5273

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Multi-dimensional signaling with fixed-p
โœ William J. McNally ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 158 KB

This study presents a signaling model of fixed-price repurchase offers which shows that the proportion repurchased and the premium paid in excess of the stock's full-information value signal both earnings and risk. The model yields four novel implications: high risk firms repurchase smaller proporti