search query: @indexterm Stock repurchases / total: 19
reference: 10 / 19
| Author: | Sanders, W. G. Carpenter, M. A. |
| Title: | Strategic satisficing? A behavioral-agency theory perspective on stock repurchase program announcements |
| Journal: | Academy of Management Journal
2003 : APR, VOL. 46:2, p. 160-178 |
| Index terms: | Stock repurchases Share ownership Shareholders |
| Language: | eng |
| Abstract: | Executives confront potentially conflicting pressures - amximizing shareholder wealth in the long term and appeasing shareholders in the near term. Because they must address near-term pressures to preserve tenure and to realize the benefits of long-term strategies, executives are increasingly likely to seek to mollify shareholders. Analysis of 250 large U.S. firms suggested that stock repurchase programs are variously a function of information asymmetry, risky stock-based incentives, and performance expectations. |
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