Gray, Wesley (2005): Two Essays on Self Tender Offers. Unpublished.
![[img]](http://mpra.ub.uni-muenchen.de/style/images/fileicons/application_pdf.png)
| PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader 427Kb |
This two chapter body of work examines empirical and theoretical aspects of self-tender offers. The first chapter is an empirical study of self-tender offers. This section gives the reader an opportunity to understand some of the simple mechanics and issues regarding self-tender offers in the context of closed-end funds. This section also introduces the reader to the self-tender offer anomaly. The second chapter takes the study of self-tender offers one step further. The second chapter is a theoretical study which seeks to answer questions regarding the self-tender offer anomaly.
| Item Type: | MPRA Paper |
|---|---|
| Language: | English |
| Keywords: | tender offers, self tender offers, closed end funds, trading strategies, arbitrage |
| Subjects: | G - Financial Economics > G1 - General Financial Markets |
| ID Code: | 11919 |
| Deposited By: | Wesley Gray |
| Deposited On: | 04. Dec 2008 07:11 |
| Last Modified: | 04. Dec 2008 07:11 |
| References: | Kadapakkam, P., and S. Seth (1994), Trading Profits in Dutch Auction Self-Tender Offers, Journal of Finance 49: 291-306. Ikenberry, D., J. Lakonishok and T. Vermaelen (1995), Market Underreaction to Open Market Share Repurchases, Journal of Financial Economics 39:181-208. Barberis, N., and R. Thaler (2003), A Survey of Behavioral Finance, The Handbook of the Economics of Finance: 1054-1092. |
All papers reproduced by permission. Reproduction and distribution subject to the approval of the copyright owners.
Repository Staff Only: item control page
