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dc.contributor.authorHalvorsen, Sindre
dc.contributor.authorArntsen, Christer Lauen
dc.date.accessioned2020-11-18T11:54:13Z
dc.date.available2020-11-18T11:54:13Z
dc.date.issued2020
dc.identifier.urihttps://hdl.handle.net/11250/2688472
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2020en_US
dc.description.abstractThe master thesis examines stock performance around the announcement of openmarket share repurchase transactions and the effect of intangible assets and share repurchases. The study uses data on actual share repurchase transactions conducted by firms listed on the Oslo Stock Exchange (OSE). There is evidence that share repurchases generally follows after a negative drift. The results show that the abnormal return around the announcement is 0.30% on average, with a significant t-statistics of 2.05. Intangible assets and abnormal returns also show a correlation. The overall results might suggest that managers, on average, are able to time the market. This thesis is a part of the MSc programme at BI Norwegian Business School. The school takes no responsibility for the methods used, results found, or conclusions drawn. Keywords: Share repurchases, price impact, undervaluation hypothesis, underreaction hypothesis, open market repurchases, information asymmetryen_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectfinansen_US
dc.subjectfinanceen_US
dc.titleThe short-term price impact of actual share repurchase announcements in Norway Navn:en_US
dc.typeMaster thesisen_US


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