The concept of free cash flow was first proposed by Jensen (1986) in the context of the
agency problem; however he did not propose a specific calculation for free cash flow. Since …

This text provides an overview of research on stock repurchases. The author presents a
personal interpretation of the numerous research results published during the last 25 years …

This literature review aims to address the critical knowledge gap in the field of share
repurchase executions, a financial activity involving companies repurchasing trillions of …

Using the financial data from 645 companies that were listed in the Taiwan Stock Exchange
(TSE) between 2000 and 2009, this paper applied a least square dummy variable (LSDV) …

This study provides an empirical examination of the determinants of the choice between
alternative share repurchase methods. It is shown that the likelihood of selecting a self …

This paper examines the impact of executive compensation practices on (a) the decision to
distribute and (b) the distribution channel employed by companies from the US technology …

This paper examines the effects that bank relations have on stock repurchases in Japan.
Similar to US evidence, we find that stock repurchase announcements in Japan have …

This paper aims to examine one of the most important issues in the international corporate
laws, which is the issue of share repurchases known as treasury shares. This paper …

This study examines signaling, excess cash flow, substitution, leverage, agency cost, stock
and liquidity hypotheses by considering firm-specific parameters to find out their impact on …

Аннотация В данной статье описаны научно-теоретические основы определения
свободного денежного потока предприятий. При этом были проанализированы теории …