The free cash flow hypothesis predicts that repurchasing firms with free cash flows will have larger announcement-period abnormal returns than repurchasers that do not have free cash flows. We test the free cash flow ...

Over the next five years, approximately 110 drugs, including blockbuster products such as Sanofi-Aventis’ allergy medicine Flomax, GlaxoSmithKline’s herpes medication Valtrex, and Pfizer’s cholesterol medication Lipitor ...

Abstract Physician practices in the US are largely small-scale, independently-run enterprises, despite their potential critical role in creating a more integrated health care system. Using an approach that builds on – ...

REVISED VERSION OF https://jscholarship.library.jhu.edu/handle/1774.2/33502?show=full. This paper uses employee and patient survey data from a large, integrated healthcare provider to assess the moderating role that employee ...

In this paper we examine the wealth effect of stock repurchase announcements using a sample of 11,862 repurchase programs announced during 1994-2007. The results of several recent industry surveys indicate that managerial ...

In Wyeth v. Levine, the Supreme Court eliminated brand-name manufacturers’ ability to use the preemption defense against state law failure to warn claims involving allegedly misbranded pharmaceutical drugs. Since that time, ...