Cover of: Share Repurchases (Foundations and Trends(R) in Finance) | Theo Vermaelen Read Online

Share Repurchases (Foundations and Trends(R) in Finance)

  • 11 Want to read
  • ·
  • 66 Currently reading

Published by Now Publishers Inc .
Written in English


  • Corporate Finance,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Finance,
  • Investments & Securities - Stocks,
  • Business & Economics / Finance,
  • Business & Economics-Corporate Finance,
  • Business & Economics-Investments & Securities - Stocks

Book details:

The Physical Object
Number of Pages116
ID Numbers
Open LibraryOL9508638M
ISBN 101933019166
ISBN 109781933019161

Download Share Repurchases (Foundations and Trends(R) in Finance)


  Buybacks, also called share repurchases, can warp the results, making price-to-book a useless measurement for valuing many stocks. The companies that regularly reduce their share .   A share buyback, also called a share repurchase, occurs when a company buys outstanding shares of its own stock from investors. This stock can either be retired or held on the books as "treasury stock." There are numerous motives for executing a share buyback%(12).   A Share Buyback's Impact on Portfolios. Share repurchases can have a significant positive impact on an investor’s proof, one only . JPMorgan’s repurchases occurred at an average price of $ per share, which was a modest premium to tangible book value. Today, the shares trade around $52, even though the company’s outlook may be cloudier than it was in

  A share repurchase, or buyback, is a decision by a company to buy back its own shares from the marketplace. A company might buy back its shares to boost the value of . A share repurchase refers to when the management of a public company decides to buy back company shares that were previously sold to the public. A company may decide to repurchase its sharesto send a market signal that its stock price is likely to increase, to inflate financial metrics denominated by the number of shares outstanding (e.g., earnings per share or EPS), or simply because it wants.   Share repurchases are just one way that companies can use excess capital, with paying dividends to shareholders being the other obvious choice. A difference in tax treatment makes share. Share repurchase (or share buyback or stock buyback) is the re-acquisition by a company of its own shares. It represents a more flexible way (relative to dividends) of returning money to shareholders.. In most countries, a corporation can repurchase its own stock by distributing cash to existing shareholders in exchange for a fraction of the company's outstanding equity; that is, cash is.

  How Share Repurchases Can Raise the Price of a Company's Stock. "Cook the books" is a slang term for using accounting tricks to make a . of share repurc hase announcemen ts (op en mark et repurchases and ten- der offers) in the US was relativ ely small, i.e. less than 30 p er y ear. Moreo ver, in all other coun tries buyback.   The Drawbacks of Share Repurchases. While share repurchases are indeed a sensible use of shareholder capital in the right circumstances, all too often they are done for the wrong reasons. Buyback Drawback 1) Bad Market Timing. The main risk of share repurchases is that companies often buy back the most shares when those shares are expensive or Author: Lyn Alden. Tax competition and coordination is one of the most pressing issues for tax authorities in modern economies, but it is a highly controversial subject. Some argue that tax competition is beneficial by forcing governments to impose efficient tax prices on residents for the provision of public services. Further, some argue that tax competition is also beneficial by limiting the power of.