Leverage, special risks and unusual returns to announce share buybacks on the Egyptian Stock Exchange

Document Type : Original Article

Author

Department of Business Administration Sadat Academy for Management Sciences Cairo Egypt

Abstract

The study examined the Impact of the idiosyncratic risk on the long-run abnormal returns after share repurchase announcements, by using data from the Egyptian stock exchange during the years 2008-2018, The results show a significant impact of financial leverage on idiosyncratic risk, and There is significant relationship between idiosyncratic risk and the long-run abnormal returns after share repurchase announcements.

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