The Information Content of Share Repurchases – Evidence from Poland

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F18%3A00005980" target="_blank" >RIV/46747885:24310/18:00005980 - isvavai.cz</a>
Result on the web
<a href="https://dx.doi.org/10.15240/tul/001/2018-2-012" target="_blank" >https://dx.doi.org/10.15240/tul/001/2018-2-012</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15240/tul/001/2018-2-012" target="_blank" >10.15240/tul/001/2018-2-012</a>

Result language
angličtina
Original language name
The Information Content of Share Repurchases – Evidence from Poland
Original language description
Share repurchase is a phenomenon that has recently been thoroughly studied around the world. Despite being seen as a substitution for dividends and a tool for distributing excess cash, it would appear that there are more reasons for repurchasing shares and more complex problems than only distributing excess cash to shareholders. The bulk of the research concerns the market reaction to the announcement and implementation of share repurchase programmes. We attempt to ascertain the market reaction to the announcement of share repurchases and to determine the reasons for the reaction. We assume that share repurchase programmes might be explained by the agency theory or signalling theory. We expect that share repurchases convey valuable information to the investors because of the separation of ownership and management. We seek to identify what kind of information the share repurchase conveys.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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