One-Time Cash Flow Announcements and Free Cash-Flow Theory: Share Repurchases and Special Dividends
研究一次性现金流公告(股票回购和特别股利)的市场反应,检验自由现金流理论,发现市场对这类公告有正面反应,支持自由现金流假说。
Keith M. Howe, Jia He, G. Wenchi Kao, One-Time Cash Flow Announcements and Free Cash-Flow Theory: Share Repurchases and Special Dividends, The Journal of Finance, Vol. 47, No. 5 (Dec., 1992), pp. 1963-1975