Share Repurchases and the Need for External Finance


  • Matthew T. Billett,

    1. Associate Professor of Finance at the University of Iowa's Henry B.Tippie College of Business.
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  • Hui Xue

    1. Assistant Professor of Finance at Kansas State University.
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    • 3

      We thank Don Chew (the Editor), Ed Dyl, Jon Garfinkel, Prem Jain, Yuri Khoroshilov, Chris Lamoreaux, Wei Li, Dave Mauer, Bill Maxwell, Ted Moorman, Vik Nanda, Yiming Qian, Jay Sa-Aadu, Anand Vijh, Zhe Zhang and seminar participants at Georgetown University, University of Arizona, and Texas A&M University for comments and suggestions. All remaining errors are our own.

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