Grullon, Gustavo; Ikenberry, David L. - In: Journal of Applied Corporate Finance 13 (2000) 1, pp. 31-51
Stock repurchases by U.S. companies experienced a remarkable surge in the 1980s and '90s. Indeed, in 1998, the total value of all stock repurchased by U.S. companies exceeded for the first time the total amount paid out as cash dividends. And the U.S. repurchase movement has gone global in the...
