| Description |
1 online resource (6 pages) |
| Note |
"Reprint #65105." |
| Summary |
Critics of stock buybacks allege that the practice is a form of market manipulation that allows insiders to unfairly profit and sacrifices long-term growth. The authors conducted a large-sample study of stock buybacks over the past 30 years in the U.S. and did not find a correlation between share repurchases and price manipulation, return reversals, excess CEO compensation, or underinvestment. A ban could, however, impose costs on U.S. public companies and other stakeholders. |
| Subject |
Stock repurchasing.
|
|
Actions (Titres de société) -- Rachat. |
| Added Author |
Kothari, S. P., author.
|
|
Venkat, Parth, author.
|
| Standard No. |
53863MIT65105 |
|
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