The new form of payout policy the emergence and theoretical background of share repurchases /
The way companies return cash to their shareholders has changed considerably in recent decades. After changes in the legislation, share repurchases or buybacks have gained prominence, while dividends have somewhat lost their role as the main payout method. I intend to explore the reasons for this sh...
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| Dokumentumtípus: | Könyv része |
| Megjelent: |
Faculty of Economics and Business Administration Doctoral School in Economics
Szeged
2020
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| Sorozat: | Proceedings of the Central European PhD Workshop on Technological Change and Development
4 |
| Kulcsszavak: | Részvények, Pénzügy - vállalati |
| Tárgyszavak: | |
| Online Access: | http://acta.bibl.u-szeged.hu/77668 |
| Tartalmi kivonat: | The way companies return cash to their shareholders has changed considerably in recent decades. After changes in the legislation, share repurchases or buybacks have gained prominence, while dividends have somewhat lost their role as the main payout method. I intend to explore the reasons for this shift in payout policy. In this paper, I focus on the theoretical background of share repurchases. Besides surveying the main theories related to share repurchases, I introduce the different ways companies can buy their shares back. Data indicating the emergence of share repurchases is also presented, while empirical studies testing the theories are discussed as well. The aim of this paper is to find out why share repurchases have become popular, and to reveal unanswered questions on the topic which point to future research possibilities. |
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| Terjedelem/Fizikai jellemzők: | 326-336 |
| ISBN: | 978-963-306-741-3 |