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The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions
De Cesari, Amedeo - 2012
timing profits and at high levels it reduces them. Stock liquidity increases profits from timing OMRs …
Persistent link: https://www.econbiz.de/10013114441
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The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions
De Cesari, Amedeo - 2012
evidence that OMRs are timed to benefit non-selling shareholders. Our analysis identifies ownership and liquidity as … significant determinants of timing gains: stock liquidity increases and institutional ownership decreases timing gains, while the …
Persistent link: https://www.econbiz.de/10013114516
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The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions
De Cesari, Amedeo - 2012
timing profits and at high levels it reduces them. Stock liquidity increases profits from timing OMRs …
Persistent link: https://www.econbiz.de/10013101853
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The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions
De Cesari, Amedeo - 2012
evidence that OMRs are timed to benefit non-selling shareholders. Our analysis identifies ownership and liquidity as … significant determinants of timing gains: stock liquidity increases and institutional ownership decreases timing gains, while the …
Persistent link: https://www.econbiz.de/10013117029
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Share repurchases as a form of payout for shareholders
Kowerski, Mieczysław - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 37-54
Share repurchase happens when a company repurchases its own shares for any purpose determined by the general meeting of shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders. However, contrary to dividends, it is quite...
Persistent link: https://www.econbiz.de/10009511400
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The effects of ownership and stock liquidity on the timing of repurchase transactions
De Cesari, Amedeo; Espenlaub, Susanne; Khurshed, Arif; … - In: The journal of corporate finance : contracting, … 18 (2012) 5, pp. 1023-1050
Persistent link: https://www.econbiz.de/10009682005
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Liquidity, Ownership Structure, and Market Share Repurchases : Evidence from Japan
Hoda, Takaaki - 2011
Our empirical results show that the companies with higher market liquidity and shorter investment horizons by their …
Persistent link: https://www.econbiz.de/10013121292
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The Law and Finance of Share Repurchases in Europe
Siems, Mathias - 2014
This paper analyses the impact of the EU market abuse law on share repurchases. We find that the Member States' previous rules differed considerably, and therefore it can be said that the Regulation on share repurchases has provided uniformity as to the availability of a safe harbor for share...
Persistent link: https://www.econbiz.de/10013066263
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Short-termism, shareholder payouts, and investment in the EU
Fried, Jesse M.; Wang, Charles C. Y. - 2020
Investor-driven "short-termism" is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases and dividends---is incomplete and misleading: it ignores...
Persistent link: https://www.econbiz.de/10012511344
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Do Share Repurchases Enhance Liquidity? Evidence from UK Closed-End Funds
Yang, Tianna - 2015
Can companies increase the liquidity of their shares through repurchases? On the one hand, the presence of informed … improves the liquidity. This paper examines the competing hypotheses on the effects of individual repurchase transactions on … the stock liquidity (bid-ask spread and trading volume) in the context of closed-end funds that are much less …
Persistent link: https://www.econbiz.de/10013016874