Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Announcement effect of tender offer share buyback around turmoil period evidence from India Subject The topic of the resource abnormal returns; CAR model; event window; market efficiency; share buyback Description An account of the resource The announcement of a buyback informs the market about the companys decision to repurchase its own shares. This announcement highlights the companys price valuation and the inefficiencies that exist in the market. This study examines the share buyback announcement effect during the COVID-19 period. The study considered the stocks listed in the National Stock Exchange (NSE) that offered share buyback under tender offer mode during the pre-pandemic period between April 2016 and February 2020 and the post-pandemic period between March 2020 and March 2022. 75 firms in the pre-pandemic period and 43 in the post-pandemic period that announced share buyback under the tender offer method were analyzed. The event study methodology using a market model was employed to determine the presence of abnormal returns during the event period, which consisted of 21 days and +21 days. The findings of the study revealed the existence of abnormal returns in and around the announcement date. Besides, statistically significant cumulative abnormal average returns (CAAR) were also found on the event day, i.e., on Day 0. The study found that the impact of buyback announcements on stock returns significantly differed before and after COVID-19 for 10 and 21-day periods, with no significant differences for shorter periods. These insights can help traders and fund managers make informed portfolio adjustments during turbulent market periods surrounding buyback announcements. The author(s) 2024. Creator An entity primarily responsible for making the resource Suresha B.; Desai K.; Thomas R.; John N.K.; Koshy E.R. Source A related resource from which the described resource is derived Investment Management and Financial Innovations, Vol-21, No. 3, pp. 160-169. Publisher An entity responsible for making the resource available LLC CPC Business Perspectives Date A point or period of time associated with an event in the lifecycle of the resource 2024-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.21511/imfi.21(3).2024.14" target="_blank" rel="noreferrer noopener">https://doi.org/10.21511/imfi.21(3).2024.14</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85201502261&amp;doi=10.21511%2Fimfi.21%283%29.2024.14&amp;partnerID=40&amp;md5=d0d0ec58b7691a7630e53e6fc1c0ef45" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85201502261&amp;doi=10.21511%2fimfi.21%283%29.2024.14&amp;partnerID=40&amp;md5=d0d0ec58b7691a7630e53e6fc1c0ef45</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 18104967 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Suresha B., School of Business and Management, Christ University, India; Desai K., NMIMS, Deemed-to-be-University, India; Thomas R., Department of Professional Studies, School of Commerce, Finance and Accountancy, Christ University, India; John N.K., School of Business and Management, Christ University, India; Koshy E.R., Department of Professional Studies, School of Commerce, Finance and Accountancy, Christ University, India