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Firm Characteristics And Abnormal Returns During Share Repurchases

Table 4:

ANOVA
Model 1 Sum of Squares df Mean Square F Sig.
Regression 235.191 6 39.198 2.772 0.012
Residual 5925.232 419 14.141
Total 6160.423 425
Model 1 Unstandardized Coefficients Standardized Coefficients t Sig.
B Std. Error Beta
(Constant) 0.960 0.527 1.821 0.069
Debt Ratio -0.025 0.012 -0.102 -2.069 0.039 **
Dividend Yield -0.038 0.084 -0.022 -0.447 0.655
Earnings Per Share -2.872 1.870 -0.093 -1.536 0.125
Market-To-Book Value 0.066 0.447 0.008 0.147 0.883
Prior Announcement Returns -0.067 0.021 -0.153 -3.120 0.002 ***
Return on Assets 0.056 0.047 0.078 1.198 0.232
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