Why do Firms Repurchase Stock
By Jordan Voss. 2012
566 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/a50086b6252b5165480e604fadd834318851dbc9
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
- Jarrad Harford
- Amy K. Dittmar
- Alice Bonaimé
- Massimo Massa
- Yangyang Chen
- Pedro Matos
- Kristine Watson Hankins
- Paul Y. Dou
Citations in the corpus
- Payout Policy Choices and Shareholder Investment Horizons (2013, methodology): “We compute from ExecuComp the average level of managerial ownership and the average percentage of executive compensation paid in the form of options, to control for the influence of compensation in payout choices (e.g. Dittmar, 2000; Fenn and Liang, 2001; Kahle, 2002).”
- Payout Taxes and the Allocation of Investment (2011, background): “Financial and utility firms have motives to pay out cash that are different from non-financial firms (see e.g., Dittmar, 2000 and Fama and French, 2001).”
- Can Managers Time the Market? Evidence Using Repurchase Price Data (2015, background): “Further, several studies provide evidence that firms repurchase for reasons other than undervaluation [Dittmar (2000), Grullon and Michaely”
- Taxation, Dividends, and Share Repurchases: Taking Evidence Global (2013, unknown): “Prior research (Dittmar (2000), Fama and French (2001), and Fenn and Liang (2001)) shows that financial and utility firms have motives to repurchase stock that differ from those of nonfinancial firms.”
- The Impacts of Free Cash Flows and Agency Costs on Firm Performance (2010, background): “Dittmar [5] elaborated on FCF as net cash flows that are at the management’s discretion without affecting corporate operating activities.”
- National Culture and Corporate Cash Holdings around the World (2015, background): “In a more recent paper, Dittmar and Duchin (2011) document that firm-level”
- Financial Flexibility, Risk Management, and Payout Choice (2014, background): “Capital structure also can influence repurchase decisions (Dittmar 2000); we control for this relationship with the inclusion of Tier 1 capital (scaled by market cap).5 Finally, we control for the underlying interest rate exposure (using the one-year maturity gap following Flannery and James 1984),…”