The case against restricting stock buybacks / Nicholas Guest, S.P. Kothari, Parth Venkat.

Format:

Book

Author/Creator:

Guest, Nicholas, author.

Kothari, S. P., author.

Venkat, Parth, author.

Language:

English

Subjects (All):

Stock repurchasing.

Physical Description:

1 online resource (6 pages)

Edition:

[First edition].

Place of Publication:

[Cambridge, Massachusetts] : MIT Sloan Management Review, 2023.

Summary:

Critics of stock buybacks allege that the practice is a form of market manipulation that allows insiders to unfairly profit and sacrifices long-term growth. The authors conducted a large-sample study of stock buybacks over the past 30 years in the U.S. and did not find a correlation between share repurchases and price manipulation, return reversals, excess CEO compensation, or underinvestment. A ban could, however, impose costs on U.S. public companies and other stakeholders.

Notes:

OCLC-licensed vendor bibliographic record.

"Reprint #65105."

OCLC:

1394909004

Publisher Number:

53863MIT65105