Open market share repurchase programs and corporate governance: Company performance

• المؤلفون الرئيسيون: CATON, Gary, GOH, Jeremy, LEE, Yen Teik, LINN, Scott C.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2015
• الموضوعات: Corporate Payout; Share Repurchases; Corporate Governance; Corporate Finance; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/5213; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6212/viewcontent/SSRN_id2594977.pdf

Payout policies based on share repurchase programs provide greater flexibility than do those based on cash dividends. We develop and test an empirical model in which strongly-governed companies outperform weakly-governed companies after announcing share repurchase programs. Our findings include posi...