Using a sample of over 9,000 buyback announcements from 31 non-U.S. countries, we find support for the results of studies based on U.S. data: on average,...
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CEO trustworthiness is positively related to long-term excess returns after buyback announcements. When the CEO is trustworthy, statements that the...
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We investigate the impact on firms of joining the S&P 500 index from 1997 to 2017. We find that the positive announcement effect on the stock price of...
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An emerging consensus in certain legal, business, and scholarly communities maintains that corporate managers are pressured unduly into chasing...
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We find that board gender diversity increases the likelihood that firms announce a buyback but long-term excess returns are significantly smaller when...
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Stock repurchases by issuing corporations have always been controversial and have become even more so recently because of the perception that the...
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Investor-driven “short-termism” is said to harm EU public firms’ ability to invest for the long term, prompting calls for the EU to better...
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The average annual inflation-adjusted amount paid out through dividends and repurchases by public industrial firms is more than three times larger...
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During 2007-2016, S&P 500 firms distributed to shareholders $7 trillion via buybacks and dividends, over 96% of their aggregate net income,...
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What precisely is stock market short-termism? For an issue that pervades corporate governance thinking, rhetoric, and policymaking, one would think...
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