The persistence and consequences of share repurchases
The persistence and consequences of share repurchases
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Publisher
Oxford: Blackwell Publishing Ltd
Journal title
Language
English
Formats
Publication information
Publisher
Oxford: Blackwell Publishing Ltd
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Scope and Contents
Contents
Firms use cash flow primarily to finance increasingly persistent share repurchases. Such internal financing is accompanied by gradual increases in retained earnings in the capital structure, and results in high (low) repurchase (investment) sensitivity to cash flow. These effects are particularly pronounced among financially mature firms. The repur...
Alternative Titles
Full title
The persistence and consequences of share repurchases
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_proquest_journals_2922213311
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2922213311
Other Identifiers
ISSN
0306-686X
E-ISSN
1468-5957
DOI
10.1111/jbfa.12699