WHAT DO WE KNOW ABOUT STOCK REPURCHASES

By Gustavo Grullon, D. Ikenberry. 2000

303 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c62a1d284f0f588ebc61571cd83247ebf9372c7a

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Citations in the corpus

Decoupling Policy from Practice: The Case of Stock Repurchase Programs (2001, background): “A repurchase plan, often referred to as a buyback program, is a written policy approved by the board of directors (Grullon and Ikenberry, 2000).”
Yes, dividends are disappearing: Worldwide evidence (2012, unknown): “Additionally, as Grullon and Ikenberry (2000) show, firms that pay dividends are similar in type to those that repurchase shares.”
Economic Sources of Gain in Stock Repurchases (2004, background): “Since 1982 when the U.S. Congress enacted SEC rule 10b-18 in 1982, stock repurchases have become pervasive.1 Grullon and Ikenberry (2000) report that as of January 2000, roughly half of S&P 500 firms have authorized programs in place.”
Audit Quality and the Trade-Off between Accretive Stock Repurchases and Accrual-Based Earnings Management (2012, background): “Open-market repurchases accounted for 94.3 percent of all repurchases and 95.2 percent of the total dollar value of shares repurchased during the 1990s (Grullon and Ikenberry 2000).”
Do Managers Intentionally Use Repurchase Tender Offers to Signal Private Information? Evidence from Firm Financial Reporting Behavior (2007, background): “financial leverage (Dittmar, 2000), reduction of agency costs (Denis and Denis, 1993; Grullon and Michaely, 2004), financing of employee stock option plans (Kahle, 2002), expropriation of creditors (Maxwell and Stephens, 2003), earnings management ( Grullon and Ikenberry, 2000 ), and maximization of”