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Asia-Pacific Conference on Simulated Evolution and Learning

SEAL 2006: Simulated Evolution and Learning pp 328–335Cite as

The Research on Repurchase Announcements of Open-Market Stock

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  • 1446 Accesses

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 4247))

Abstract

In a repurchase program, different firms can obtain different gains when they announce a stock repurchase, so a firm needs to know whether announcement is an optimal choice. This paper presents a dynamic, two-player game model with imperfect information, analyzes its further equilibrium condition. The model shows that repurchase announcements have various effects on the firms. High-earnings firms choose to make announcements, whereas low-earnings ones are inclined not to announce.Finally, it gives empirical test for the model to validate the conclusion according to the data of China.

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References

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Author information

Authors and Affiliations

  1. School of Science, School of Accountancy, Wuhan University of Technology, Zhongnan University of Economics and Law, 430063, Hubei, China

    Weimin Tang

  2. School of Science, Peng Juanjuan, Wuhan University of Technology, 430063, Hubei, China

    Juanjuan Peng

Authors
  1. Weimin Tang
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  2. Juanjuan Peng
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Editor information

Editors and Affiliations

  1. Department of Industrial Engineering and Management, Cheng Shiu University, Kaohsiung County Taiwan, ROC

    Tzai-Der Wang

  2. School of Computer Science and information Technology, RMIT University, VIC 3001, Melbourne, Australia

    Xiaodong Li

  3. AI-ECON Research Center, Department of Economics, National Chengchi University, 11623, Taipei, Taiwan

    Shu-Heng Chen

  4. Department of Computer Science and Technology, University of Sci. & Tech. of China, 230026, Hefei, Anhui, P.R. China

    Xufa Wang

  5. School of Information Technology and Electrical Engineering, University of New South Wales, Australian Defence Force Academy, Canberra, Australia

    Hussein Abbass

  6. The Univertity of Tokyo, Japan

    Hitoshi Iba

  7. Department of Computer, University of Science and Technology of China, 230027, Hefei, China

    Guo-Liang Chen

  8. University of Birmingham, Birmingham, UK

    Xin Yao

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© 2006 Springer-Verlag Berlin Heidelberg

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Cite this paper

Tang, W., Peng, J. (2006). The Research on Repurchase Announcements of Open-Market Stock. In: Wang, TD., et al. Simulated Evolution and Learning. SEAL 2006. Lecture Notes in Computer Science, vol 4247. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11903697_42

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  • DOI: https://doi.org/10.1007/11903697_42

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-47331-2

  • Online ISBN: 978-3-540-47332-9

  • eBook Packages: Computer ScienceComputer Science (R0)

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