Open market share repurchase programs and corporate governance: Company performance
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...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5213 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6212/viewcontent/SSRN_id2594977.pdf |
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| Institution: | Singapore Management University |
| Language: | English |