The Option to Repurchase Stock

Companies often announce their intention to reacquire shares via open market transactions. However, these programs are not firm commitments. By design, they provide managers the flexibility to forego repurchasing stock. Managers concerned with maximizing the wealth of long-term stockholders will ten...

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Bibliographische Detailangaben
Veröffentlicht in:	Financial management 1996, Vol.25 (4), p.9-24
Hauptverfasser:	Ikenberry, David L., Vermaelen, Theo
Format:	Artikel
Sprache:	eng
Schlagworte:	Business structures Capital structure Expected values Flexibility Hypotheses Market prices Market shares Mathematical models Open markets Regression analysis Repurchasing Securities buybacks Shareholders Shares outstanding Stock buyback Stock options Stock prices Stock redemption Stock redemptions Stock shares Stockholders Studies Valuation Volatility
Online-Zugang:	Volltext
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