search query: @indexterm Stock repurchases / total: 19
reference: 12 / 19
| Author: | Dittmar, A. |
| Title: | Why do firms repurchase stock? |
| Journal: | Journal of Business
2000 : JUL, VOL. 73:3, p. 331-356 |
| Index terms: | COMPANIES STOCK REPURCHASES COMPANY CONTROL |
| Language: | eng |
| Abstract: | In this article, the author investigates the relation between stock repurchases and distribution, investment, capital structure, corporate control, and compensation policies over the 1977-96 period. The author allows the significance of each motive to change over time to account for adjustments in the percentage of firms influenced by each motive. The author finds that, throughout the sample period, firms repurchase stock to take advantage of potential undervaluation and, in many periods, to distribute excess capital. |
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