Open Market Stock Repurchases for Retirement Purposes and the Value of Firms

Korean Journal of Financial Studies 2007;36(1):33-75.
Published online February 28, 2007.

이익소각 목적의 자기주식 취득과 기업의 가치

정성창, 김영환

Key Words: 공개시장을 통한 자사주 매입,신호가설,이익소각 목적의 자사주 매입,일반 목적의 자기주식 매입,현금흐름,Cash flows,Open market stock repurchases,Signalling hypothesis,Stock repurchases for general purposes,Stock repurchases for retirement

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