Corporate payouts have reached record levels. Over the past half-century, publicly held US
firms have more than tripled inflation-adjusted dividends, while real share repurchase …

This Article questions a persistent and pervasive view about the proper objective of
corporate governance: that managers should favor long-term shareholders over short-term …

In this paper, we assess which firm-characteristics are associated with a firm's decision to
announce a share repurchase programme in a cross-country framework. In the models, we …

We show that stock liquidity sidedness plays a vital role in share repurchase decisions.
Specifically, we investigate whether share repurchases are affected differently by upside …

Corporate governance plays a significant role in the value of shareholders and share prices,
hence stock market liquidity is affected. Previous research has mainly focused on the issue …

Over the last two decades, share repurchases have emerged as the dominant payout
channel, offering a more flexible means of returning excess cash to investors. However, little …

Prior research shows that companies repurchase stock during quarters with low returns,
presumably because the stock is undervalued. We focus on repurchase increases and …

Impact of ownership concentration, institutional ownership and earnings management on stock
market liquidity Page 1 Corporate Ownership & Control / Volume 17, Issue 2, Winter 2020 77 …

Publicly traded US firms buy and sell a staggering amount of their own shares in the open
market each year. Open-market repurchases (OMRs) alone total hundreds of billions of …

We examine the over-investment motivation for share repurchases using a sample of 139
Real Estate Investment Trusts (REITs) between 1996 and 2010. By combining a REIT's …