{"id":"https://openalex.org/W4387888447","doi":"https://doi.org/10.47177/gjaf.01.01.2017.068","title":"MARKET-TIMING ABILITY OF LOW TRANSPARENCY THROUGH FIXED-PRICE TENDER OFFER STOCK REPURCHASE","display_name":"MARKET-TIMING ABILITY OF LOW TRANSPARENCY THROUGH FIXED-PRICE TENDER OFFER STOCK REPURCHASE","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W4387888447","doi":"https://doi.org/10.47177/gjaf.01.01.2017.068"},"language":"en","primary_location":{"id":"doi:10.47177/gjaf.01.01.2017.068","doi":"https://doi.org/10.47177/gjaf.01.01.2017.068","is_oa":true,"landing_page_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","pdf_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","source":{"id":"https://openalex.org/S4387997895","display_name":"Global Journal of Accounting and Finance","issn_l":"2574-0474","issn":["2574-0474","2574-0482"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Global Journal of Accounting and Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","any_repository_has_fulltext":false},"authorships":[],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.7721,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.90583249,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"1","issue":"1","first_page":"68","last_page":"79"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8960000276565552,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8960000276565552,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.08829999715089798,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.007799999788403511,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/market-timing-ability","display_name":"market timing ability","score":0.8389999866485596},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.8019999861717224},{"id":"https://openalex.org/keywords/share-repurchases","display_name":"share repurchases","score":0.9819999933242798},{"id":"https://openalex.org/keywords/corporate-disclosure","display_name":"corporate disclosure","score":0.4339999854564667},{"id":"https://openalex.org/keywords/long-run-stock-performance","display_name":"long-run stock performance","score":0.6880000233650208},{"id":"https://openalex.org/keywords/market-reaction","display_name":"market reaction","score":0.7570000290870667}],"concepts":[{"id":"https://openalex.org/C136221606","wikidata":"https://www.wikidata.org/wiki/Q25245116","display_name":"Tender offer","level":4,"score":0.7434238195419312},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.6593565344810486},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6540340185165405},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.47549116611480713},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.38515105843544006},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.23901736736297607},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17941662669181824},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.12279444932937622},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.05196863412857056},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.0},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.47177/gjaf.01.01.2017.068","doi":"https://doi.org/10.47177/gjaf.01.01.2017.068","is_oa":true,"landing_page_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","pdf_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","source":{"id":"https://openalex.org/S4387997895","display_name":"Global Journal of Accounting and Finance","issn_l":"2574-0474","issn":["2574-0474","2574-0482"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Global Journal of Accounting and Finance","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.47177/gjaf.01.01.2017.068","doi":"https://doi.org/10.47177/gjaf.01.01.2017.068","is_oa":true,"landing_page_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","pdf_url":"https://doi.org/10.47177/gjaf.01.01.2017.068","source":{"id":"https://openalex.org/S4387997895","display_name":"Global Journal of Accounting and Finance","issn_l":"2574-0474","issn":["2574-0474","2574-0482"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","cwts-core","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Global Journal of Accounting and Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4387888447.pdf","grobid_xml":"https://content.openalex.org/works/W4387888447.grobid-xml"},"referenced_works_count":47,"referenced_works":["https://openalex.org/W153123102","https://openalex.org/W206890942","https://openalex.org/W1554466170","https://openalex.org/W1583622431","https://openalex.org/W1593455549","https://openalex.org/W1603161130","https://openalex.org/W1969632991","https://openalex.org/W1982596759","https://openalex.org/W1983888044","https://openalex.org/W1995834279","https://openalex.org/W2011347531","https://openalex.org/W2018474480","https://openalex.org/W2054965424","https://openalex.org/W2069772414","https://openalex.org/W2088782463","https://openalex.org/W2090815169","https://openalex.org/W2093235033","https://openalex.org/W2095513545","https://openalex.org/W2097188974","https://openalex.org/W2101544483","https://openalex.org/W2101718392","https://openalex.org/W2113725791","https://openalex.org/W2140358882","https://openalex.org/W2146188630","https://openalex.org/W2147245153","https://openalex.org/W2148402268","https://openalex.org/W2154187126","https://openalex.org/W2154585860","https://openalex.org/W2154860111","https://openalex.org/W2155522260","https://openalex.org/W2160860931","https://openalex.org/W2166215547","https://openalex.org/W2171353516","https://openalex.org/W3121131820","https://openalex.org/W3121345657","https://openalex.org/W3122215577","https://openalex.org/W3122639436","https://openalex.org/W3122993843","https://openalex.org/W3123063342","https://openalex.org/W3123142049","https://openalex.org/W3123970652","https://openalex.org/W3125077853","https://openalex.org/W4205384207","https://openalex.org/W4210390549","https://openalex.org/W4245045968","https://openalex.org/W4252453936","https://openalex.org/W6987907088"],"related_works":["https://openalex.org/W7112307635","https://openalex.org/W3121387289","https://openalex.org/W1600024744","https://openalex.org/W2273663088","https://openalex.org/W2165132520","https://openalex.org/W7097399211","https://openalex.org/W3125232859","https://openalex.org/W2279983940","https://openalex.org/W3182306114","https://openalex.org/W4322708568"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"I":[3],"examine":[4],"whether":[5],"low":[6],"transparency":[7,45],"(LT)":[8],"firms":[9,35,55],"with":[10],"more":[11,16,37],"information":[12],"asymmetry":[13],"problems":[14],"have":[15],"market-timing":[17,59],"opportunities":[18],"and":[19,67],"are":[20,36],"able":[21],"to":[22,39],"earn":[23,57],"higher":[24,58],"markettiming":[25],"profits":[26,60],"through":[27],"fixed-Price":[28],"tender":[29],"offer":[30],"stock":[31],"repurchase.I":[32],"find":[33],"LT":[34,54],"likely":[38],"announce":[40],"larger":[41],"repurchase":[42],"than":[43,61],"high":[44],"(HT)":[46],"firms.In":[47],"addition,":[48],"the":[49],"long-term":[50],"performance":[51],"shows":[52],"that":[53],"do":[56],"HT":[62],"firms,":[63],"because":[64],"of":[65],"incomplete":[66],"less":[68],"immediate":[69],"market":[70],"reactions.":[71]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2023-10-24T00:00:00"}