8: Conclusion and implications.(Share Repurchases)

From: Foundations and Trends in Finance | Date: May 1, 2005| Author: Vermaelen, Theo | Copyright information

Share repurchases have become an important event, not only in the US, but around the world. This increase is fueled by changes in regulation, tax laws and attitudes towards shareholder value maximization as the ultimate corporate goal. Moreover, it is also possible that managers are influenced by the massive global evidence that share repurchases lead to higher stock prices, regardless of the repurchase method, with as only exception greenmail transactions. This increase is observe...

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