Gray, Wesley (2005): Two Essays on Self Tender Offers.
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Abstract
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 |
|---|---|
| Original Title: | Two Essays on Self Tender Offers |
| English Title: | Two Essays on Self Tender Offers |
| Language: | English |
| Keywords: | tender offers, self tender offers, closed end funds, trading strategies, arbitrage |
| Subjects: | G - Financial Economics > G1 - General Financial Markets |
| Item ID: | 11919 |
| Depositing User: | Wesley Gray |
| Date Deposited: | 04 Dec 2008 06:11 |
| Last Modified: | 30 Sep 2019 18:44 |
| 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. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/11919 |
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