Brogi, Marina; Bruno, Michelangelo; Lagasio, Valentina - In: Risk management magazine 18 (2023) 2, pp. 4-12
Share buybacks have become a popular way for companies to return capital to shareholders. However, there is an ongoing … debate regarding the impact of share buybacks on the performance and shareholder value. This paper starts by examining the … literature on share buybacks and aims at testing the signalling hypothesis (ie share buybacks are carried out to signal …