caa a22 4500 463187490 CHVBK 20180406164858.0 cr unu---uuuuu 170326e20070801xx s 000 0 eng 10.1007/s11156-007-0027-x doi (NATIONALLICENCE)springer-10.1007/s11156-007-0027-x Wilber Robin Department of Commerce, College of Business Administration, Niagara University, Niagara, NY, USA aut Why do firms repurchase stock to acquire another firm? [Elektronische Daten] [Robin Wilber] This study investigates firms that repurchase their stock to finance an acquisition. Since research shows that cash-financed acquisitions perform better than stock-financed acquisitions, why do firms that have available cash initiate the extra transactional step. I find these firms are well compensated for their efforts, especially in the long run. On average, these firms have negative abnormal returns prior to their repurchase announcements and thus may choose repurchasing to signal undervaluation. Furthermore, the stock acquisition step allows these firms to share risk, counteract the negative effects of dilution, and enjoy a tax advantage for their efforts. Springer Science+Business Media, LLC, 2007 Acquisitions nationallicence Method of payment nationallicence Repurchases nationallicence Review of Quantitative Finance and Accounting Springer US; http://www.springer-ny.com 29/2(2007-08-01), 155-172 0924-865X 29:2<155 2007 29 11156 https://doi.org/10.1007/s11156-007-0027-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11156-007-0027-x text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Wilber Robin Department of Commerce, College of Business Administration, Niagara University, Niagara, NY, USA aut NATIONALLICENCE 773 0- Review of Quantitative Finance and Accounting Springer US; http://www.springer-ny.com 29/2(2007-08-01), 155-172 0924-865X 29:2<155 2007 29 11156 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer