Buyback

Working Paper

01 September 2014

Are Buybacks Good for Long-Term Shareholder Value? Evidence from Buybacks around the World

Using a sample of over 9,000 buyback announcements from 31 non-U.S. countries, we find support for the results of studies based on U.S. data: on average, share repurchases are associated with significant positive short-term and...

Alberto Manconi | Urs Peyer | Theo Vermaelen