The present study examines the impact of capital employed in buyback of shares on firm value for 180 firms listed in the Bombay Stock Exchange of India. The issue of buyback of shares in the period from 2006 to 2016 was examined. The firm value is measured by a proxy, enterprise value, as a substitute of share price. The results suggest that the firm value differs from pre and post buyback of s...

The Federal Court of Appeal recently rendered its judgment in Citibank15 and affirmed the Tax Court of Canada’s earlier decision.16 The issue in Citibank was whether certain shares constituted “term preferred shares,” as defined in subsection 248(1) of the Act. Where a specified financial institution (SFI) acquires term preferred shares in the ordinary course of business, subsection 112(2.1) of...

creating confidence in the stock market through a secure environment is one of the main achievements of stock markets in the world. in the stock markets of developed countries, there are markets which provide confidence and reduce the risks resulting from the fluctuation of share prices. these markets are called “stock transaction choice markets”. while comparing stock transaction choice contra...