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Is the market biased in M&A, dividend payment, and share repurchase events?

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Companies with excess capital can opt to: pay dividends to shareholders. buy back treasury shares for short-term shareholder benefits. or pursue M&A investments for long-term shareholder returns. Using difference in differences approach of event research methods combined with unique manually collected data sets. https://excellentphoto.shop/product-category/memory-card-reader/
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