Essays about: "share repurchases"

Showing result 1 - 5 of 34 essays containing the words share repurchases.

  1. 1. The Impact of Share Repurchases on Stock Liquidity During Market Distress

    University essay from Göteborgs universitet/Graduate School

    Author : Björn Landelius; Kasper Lindqvist; [2023-07-04]
    Keywords : Share repurchase; Stock liquidity; Market distress; Information asymmetry; Competing market;

    Abstract : Since stock repurchases were first introduced in the late 1960 its growth has been significant. This has led to increasing interest among researchers regarding the motives behind them and their post-effects. While stock repurchase research is extensive, the focus on the effect of stock repurchases on liquidity is limited. READ MORE

  3. 2. Pandemic Reactions: A study on the impact of share repurchase announcements on abnormal returns during the Covid-19 pandemic

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Emilia Held; Nathalie Stenvall; [2022]
    Keywords : Covid-19; Share repurchase; Announcements; Nasdaq; NYSE;

    Abstract : This paper examines how U.S. equities listed on Nasdaq and NYSE reacted to open-market share repurchase announcements during Covid-19. We document abnormal returns following share repurchase announcements during the pandemic and attempt to investigate if a causal relationship can be established. READ MORE

  4. 3. Executive Stock Incentives and Corporate Payout Policy: How do executive stock incentives affect payouts, and can they be used to mitigate the free cash flow problem?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Carl Hedin; Max Thorwalls; [2022]
    Keywords : Executive Stock Incentives; Corporate Payout Policy; Free Cash Flow Problem; S P 1500;

    Abstract : Using data on 849 companies included in the S&P 1500 Index during 2015-2019, this study provides an overview of how executive held shares and stock options affect companies' payout policies. By examining how executive stock incentives relate to the magnitude and composition of payouts, we aim to establish whether such incentives can be utilized to mitigate the free cash flow problem defined by Jensen (1986). READ MORE

  5. 4. Patterns and Determinants of Payout Policy in the 21-st Century : A study of the Nordic Countries.

    University essay from Umeå universitet/Företagsekonomi

    Author : Tatiana Silva da Costa; Abubacarr Sidy Nyassi; [2021]
    Keywords : Firms’ factors; cash dividends; share repurchases; payout ratio; Dividend Irrelevance Theory; Signaling Theory; Agency Theory; Life-cycle Theory; Substitution and Flexibility Hypotheses;

    Abstract : Payout policies is one of the most discussed topics in corporate finance. Since Miller & Modigliani (1961) dividend irrelevance theory, which was based on perfect markets, many theories have been developed in order to incorporate market imperfections to payout decisions. READ MORE

  6. 5. A Study of the Relevance of the Dividend Irrelevance - A quantitative study on the relationship between dividend policy and firm value for US listed firms from a financial management perspective

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Emelie Frankendal; Johanna Ingemarson; [2021]
    Keywords : Financial Management; Dividend Policy; Valuation; Company Characteristics;

    Abstract : In this study, we examine the relation between firms' existing dividend policy and their current firm value for US listed firm during 2015-2019. The relation is investigated using regressions on the enterprise value against the payout ratio and the payout mix (the proportion of cash dividends to share repurchases), and a set of control variables. READ MORE