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The case against restricting stock buybacks /
Critics of stock buybacks allege that the practice is a form of market manipulation that allows insiders to unfairly profit and sacrifices long-term growth. The authors conducted a large-sample study of stock buybacks over the past 30 years in the U.S. and did not find a correlation between share re...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Cambridge, Massachusetts] :
MIT Sloan Management Review,
2023.
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| Edición: | [First edition]. |
| Temas: | |
| Acceso en línea: | Texto completo (Requiere registro previo con correo institucional) |
| Sumario: | Critics of stock buybacks allege that the practice is a form of market manipulation that allows insiders to unfairly profit and sacrifices long-term growth. The authors conducted a large-sample study of stock buybacks over the past 30 years in the U.S. and did not find a correlation between share repurchases and price manipulation, return reversals, excess CEO compensation, or underinvestment. A ban could, however, impose costs on U.S. public companies and other stakeholders. |
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| Notas: | "Reprint #65105." |
| Descripción Física: | 1 online resource (6 pages) |