@phdthesis{Kopper,
  type      = {Bachelor Thesis},
  author    = {Jens Kopper},
  title     = {20 Years Of Share Repurchases In Germany: An Analysis Of Currently DAX, MDAX and SDAX Listed Companies},
  abstract  = {The presented paper analyzes share repurchase announcements of currently DAX, MDAX and SDAX listed companies during the 20-year span of 1998 to 2018. The findings show a significantly lower average abnormal return on the announcement day (1.937\%) and a lower cumulative average abnormal return around the announcement day (1.943\%) than previous studies reported. Moreover, the medium-term cumulative abnormal returns are found to be significant and positive (2.70\%). This study finds evidence for the signaling hypothesis, which states the intention behind the repurchase of a company being a perceived undervaluation.},
  language  = {en}
}