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Changing Motives for Share Repurchases
16 references·0 citing·42 second hop
Changing Motives for Share Repurchases (2003)Changing Motives for Share RepurchasesEmployee stock options, EPS dilution, and stock repurchases (2003)Employee stock options, EPS d…Creating Shareholder Value (2003)Creating Shareholder ValueAre dividends disappearing? Dividend concentration and the consolidation of earnings (2003)Are dividends disappearing? D…When a buyback isn’t a buyback: open market repurchases and employee options (2002)When a buyback isn’t a buybac…Real Investment Implications of Employee Stock Option Exercises (2002)Real Investment Implications …Dividends, Share Repurchases, and the Substitution Hypothesis (2002)Dividends, Share Repurchases,…Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)Disappearing dividends: chang…The cash-flow permanence and information content of dividend increases versus repurchases (2000)The cash-flow permanence and …Managerial Decisions and Long‐Term Stock Price Performance (2000)Managerial Decisions and Long…Financial flexibility and the choice between dividends and stock repurchases (2000)Financial flexibility and the…A Theory of Dividends Based on Tax Clienteles (2000)A Theory of Dividends Based o…Actual Share Reacquisitions in Open‐Market Repurchase Programs (1998)Actual Share Reacquisitions i…Market underreaction to open market share repurchases (1995)Market underreaction to open …Common stock repurchases (1981)Common stock repurchasesCommon stock repurchases and market signalling (1981)Common stock repurchases and …DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)DISTRIBUTION OF INCOMES OF CO…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Job Market Signaling (1973)Efficient Capital Markets: II (1991)Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)The cost of capital, corporation finance and the theory of investment (2008)Risk, Return, and Equilibrium: Empirical Tests (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)Limited-dependent and qualitative variables in econometrics (1983)Corporate payout policy and managerial stock incentives (2001)Institutional Holdings and Payout Policy (2005)Share Issuance and Cross‐sectional Returns (2008)Dividend Policy, Growth, and the Valuation of Shares (1961)Large Shareholders and Corporate Control (1986)Environmental risk management and the cost of capital (2008)Corporate Governance and CSR Nexus (2011)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)Agency costs of free cash flow, corporate finance, and takeovers (1996)Stock Valuation and Learning about Profitability (2003)A Catering Theory of Dividends (2004)Product Market Threats, Payouts, and Financial Flexibility (2012)The Dividend Puzzle (1976)Earnings Momentum and Earnings Management (2007)The evolving relation between earnings, dividends, and stock repurchases (2007)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Evidence on the Characteristics of Cross Sectional Variation in Stock Returns (1997)The Stock Market Valuation of Research and Development Expenditures (2001)Asset Growth and the Cross‐Section of Stock Returns (2008)Earnings management to avoid earnings decreases and losses (1997)Remuneration: Where We've Been, How We Got to Here, What are the Problems, and How to Fix Them (2004)Earnings conference calls and stock returns: The incremental informativeness of textual tone (2011)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)The Equity Share in New Issues and Aggregate Stock Returns (2000)Chapter 18 A survey of behavioral finance (2003)Market liquidity as a sentiment indicator (2004)The Behavior of Stock-Market Prices (1965)The Capital Structure Puzzle (1984)
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References

  • 1956DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES3,426 cited
  • 2001Disappearing dividends: changing firm characteristics or lower propensity to pay?3,039 cited
  • 1995Market underreaction to open market share repurchases1,739 cited
  • 2000Managerial Decisions and Long‐Term Stock Price Performance1,573 cited
  • 2002Dividends, Share Repurchases, and the Substitution Hypothesis1,467 cited
  • 2000Financial flexibility and the choice between dividends and stock repurchases1,043 cited
  • 1981Common stock repurchases and market signalling1,037 cited
  • 2000A Theory of Dividends Based on Tax Clienteles857 cited
  • 1998Actual Share Reacquisitions in Open‐Market Repurchase Programs844 cited
  • 2003Are dividends disappearing? Dividend concentration and the consolidation of earnings747 cited
  • 1981Common stock repurchases697 cited
  • 2002When a buyback isn’t a buyback: open market repurchases and employee options569 cited
  • 2003Creating Shareholder Value565 cited
  • 2000The cash-flow permanence and information content of dividend increases versus repurchases469 cited
  • 2003Employee stock options, EPS dilution, and stock repurchases

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419 cited
  • 2002Real Investment Implications of Employee Stock Option Exercises313 cited
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