Managers conduct open market repurchases ("OMRs") for many different reasons, including to distribute excess cash. However, the most widely discussed explanation for OMRs is the "signaling theory": that managers announce OMRs to signal that the stock is underpriced. The first purpose of this paper is to show that the signaling theory is theoretically problematic—in part because it assumes manag...

Although the tender offer buyback method has gained significance over time, many companies still prefer open market repurchases. The existing literature focuses mainly on impact of announcements, specifically stock returns; however, announcements and abnormal returns in case repurchases have not yet been studied detail, especially across industries Indian context. This study, therefore, attempt...

The primary objective of this research is to examine the impact dividend payout ratio and free cash flow on share repurchases in Indonesian companies listed Indonesia Stock Exchange between 2016 2020. study focuses that engaged during specified period. A purposive sampling technique was employed, resulting a sample size 36 repurchase instances for purpose analysis. financial statements these we...