Open market share repurchases and their signaling power: the French experience, 1998-2006
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![Table 6: Cumulative abnormal returns following buyback announcements, by context of announcement All Part of a Results Report Only "Seeking AGM Approval" Not only "Seeking AGM Approval" Severe Undervaluation Part of a Strategic Plan CAR [0] 0,24% 1,11% -0,29% 1,03% 4,18% 2,14% CAR [-1;+1] 0,32% 2,13% -0,55% 1,60% 1,93% 2,28% CAR [-1;+2] 0,39% 1,50% -0,18% 1,19% 1,02% 2,70% CAR [-1;+3] 0,69% 2,26% 0,07% 1,58% 2,90% 2,32% CAR [-1;+4] 0,88% 2,49% 0,31% 1,73% 3,47% 2,25% CAR [-1;+5] 1,18% 3,03% 0,74% 1,84% 5,14% 2,08% Number of Announcements 111 16 67 44 3 4](https://thumb-eu.123doks.com/thumbv2/123doknet/2306937.25614/43.918.137.778.711.927/cumulative-following-announcements-announcement-approval-undervaluation-strategic-announcements.webp)
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