Essays about: "stock repurchase"

Showing result 6 - 10 of 19 essays containing the words stock repurchase.

1. 6. Earnings Management for Swedish Listed Firms : An Empirical Study on Real Earnings Management Prior to Stock Repurchases

   University essay from Högskolan i Gävle/Företagsekonomi

   Author : Simon Lardner; Pierre Willner; [2017]
   Keywords : Earnings management; Stock Repurchases; Real Earnings Management; Real operating decisions; Income-Decreasing earnings management;

   Abstract : In this study, we follow Cooper et al. (2017) and intend to further investigate income-decreasing real earnings management through altering production and discretionary expenditure and focus on such actions taken by management prior to stock repurchase. READ MORE

3. 7. Accretive Share Repurchases and Equity Vesting

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Ludvig Kapanen; Oliver Ström; [2017]
   Keywords : Short-Termism; CEO Incentives; Share Repurchases; Regression Discontinuity; Managerial Myopia;

   Abstract : We investigate the connection between the discontinuous probability of making accretive repurchases around the zero EPS surprise threshold and the sensitivity of upcoming CEO equity compensation value to the underlying stock price. Our study is performed using data from S&P 1,500 companies between 2006-2015. Following Almeida et al. READ MORE

4. 8. Expected value premium: Evidence from combined Nordic markets

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Ana Milkic; Anh Dau; [2017]
   Keywords : value premium; expected returns; expected dividend yield; Nordic market; Business and Economics;

   Abstract : Accumulated empirical research has evidenced the existence of value premium, which refers to the return gap between value and growth stocks. Our paper aims to investigate this phenomenon for Nordic market by estimating expected return from its fundamentals, dividends and earnings. READ MORE

5. 9. Maximising shareholder value or personal wealth? A study on incentive programs and share repurchases in Sweden

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

   Author : Felix Rodin; David Uddare Sevelin; [2015]
   Keywords : incentive program; share repurchase; EPS; compensation; bonus;

   Abstract : The purpose of this study is to examine if it is possible that senior executives in the largest firms in Sweden (the ones listed on the OMXS 30) are earning bonuses because of firms repurchasing their own shares. Earlier research from USA has shown that the incentive programs for CEOs has an effect on the firms' repurchasing of shares, and that firms where the CEO's bonus is tied to EPS tend to repurchase shares to a greater extent. READ MORE

6. 10. Information Asymmetries and Insider Trading in Swedish Share Repurchasing Firms : A comparison between CEOs and CFOs

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Tommy Lund; [2015]
   Keywords : Insiders; Share repurchasing; CEO; CFO; Abnormal return; Information asymmetries;

   Abstract : Prior studies have shown that insiders can make substantial abnormal profits due to their information advantage over the market, which has resulted in insiders becoming more scrutinized. Concurrently, companies that are carrying out share repurchase programs have become increasingly popular and have been proven to have a positive effect on the companies' stock prices and also resulted in abnormal returns. READ MORE