Guffey, Daryl M.; Schisler, Dan L.; Schneider, Douglas K. - In: Advances in taxation, (pp. 117-136). 2002
This study examines whether there is a tax incentive for firms to engage in stock buybacks. Using methods previously established by Manzon (1994) and Scholes and Wolfson (1989), the results show that firms with high marginal tax rates are more likely to announce stock buybacks than firms with...
