Discussion
Reading material
Buyback Derangement Syndrome by Clifford Asness, Todd Hazelkorn, and Scott Richardson. The Journal of Portfolio Managemant, Vol. 44, no. 5. Available here
Are Buybacks Good for Long-Term Shareholder Value? Evidence from Buybacks around the World by Alberto Manconi, Urs Peyer, and Theo Vermaelen. Journal of Financial and Quantitative Analysis, Vol. 54, No. 5, Oct. 2019, pp. 1899–1935. Available here