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Motivated by the introduction of share repurchases regulations in 1998 and 2007 coupled with unique characteristics of the Indonesian market, we investigate the effect of firms' sub-optimal financial position on their share repurchases decisions. Then, we study the effect of these determinants...
Persistent link: https://www.econbiz.de/10012832230
This report updates and expands earlier studies to look at the profitability of $349.7 billion of buybacks executed from 2000 through early 2010 by a sample of 275 corporations. The sample companies, drawn mainly from the technology sector, enjoy total equity market value today of $945.6...
Persistent link: https://www.econbiz.de/10013133330
: • Largest percentage profit (return on cash invested in buybacks)• Largest percentage benefit (consequent change in stock price …
Persistent link: https://www.econbiz.de/10013158168
a profit or loss for a firm. In actual practice, however, few purely financial decisions rival stock repurchases in … their bearing on the well-being of shareholders. Because profit/loss on buybacks is excluded from the audited financial … stock buybacks.This report also ranks the stock repurchase results of individual companies: By largest percentage profit …
Persistent link: https://www.econbiz.de/10013149526
This paper aims to explore the effect of the Algiers Stock Exchange listing on real earnings management. The study included 14 non-financial non-listed companies during the period 2015-2019 and six non-financial listed companies during the period 2010-2019. Due to the small number of companies...
Persistent link: https://www.econbiz.de/10012887265
This paper investigates investment behavior across public and privately held firms using a novel firm-level dataset. We use coarsened exact matching to construct a control group of firms with which we compare listed firms before and after listing in a difference-in-differences framework. The...
Persistent link: https://www.econbiz.de/10013184083
is the company's profit. Profit can be reflected by the level of EPS or ROA. Generally, an increase in EPS and ROA index …
Persistent link: https://www.econbiz.de/10013043090
We study the operating, financial, and ownership structure characteristics of newly listed firms which become acquisition targets shortly after their initial public offerings. We examine whether such firms get acquired because of their successful performance or as an alternative to delisting. We...
Persistent link: https://www.econbiz.de/10013115380
This paper examines rent sharing in Private Investments in Public Equity (PIPEs) between newly public firms and private investors. The evidence suggests highly asymmetric rent sharing. Newly public firms earn a negative return of up to -15% in the first post-PIPE year, while investors benefit...
Persistent link: https://www.econbiz.de/10013307331
This paper examines rent sharing in Private Investments in Public Equity (PIPEs) between newly public firms and private investors. The evidence suggests highly asymmetric rent sharing. Newly public firms earn a negative return of up to -15% in the first post-PIPE year, while investors benefit...
Persistent link: https://www.econbiz.de/10013307332