Purpose: This paper investigates stakeholders' perspectives of share buybacks in the context of time-horizons of investment decisions and strategy. Design/methodology/approach: We use in-depth interviews with stakeholders from eight listed UK firms as well as examine their publicly available...

Using both market-based and annual report-based approaches to measure lending specialization for a broad cross-section of banks and countries over the period 2002 to 2011, this paper is the first to empirically gauge the relationship between bank lending specialization and bank performance and...