Share Repurchasing Essays (Examples)
Study Document
Directors Remuneration And Its Impact On Share Repurchases
Introduction
Prior to 1982, share buybacks by public companies in the open market in the U.S. were illegal. That year the Securities and Exchange Commission (SEC) passed Rule … in the U.S. were illegal. That year the Securities and Exchange Commission (SEC) passed Rule 10b-18, which created a legal process for executing share repurchases (Reda, 2018). Since that time, many companies have engaged in share repurchasing. As Egan (2018) notes more than $400 billion were allocated by companies to share buybacks in 2018. The reason this is relevant is that it shows a dangerous trend of allowing considerably vast sums of money to … The reason this is relevant is that it shows a dangerous trend of allowing considerably vast sums of money to be used in share repurchasing programs: conflicts of interest are inevitable and moral hazard can result (Chan & Hoy, 1991; Choi & Maldoom, 1992). Leaders and……
References
References
Bendix, R. (1974). Inequality and social structure: a comparison of Marx and Weber. American Sociological Review, 149-161.
Chan, R., & Hoy, M. (1991). East—West joint ventures and buyback contracts. Journal of International Economics, 30(3-4), 331-343.
Choi, C. J., & Maldoom, D. (1992). A simple model of buybacks. Economics Letters, 40(1), 77-82.
Durkheim, E. (1997). The Division of Labor in Society. NY: The Free Press.
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
Study Document
Integrated Waveguide Technologies Preparing For A Public Offering
Introduction
Distribution policy is a set of principle stipulating the guidelines for cash dividends payout to the share and stock repurchases. Dividends mean the company's earnings distributed to the stockholders declared during the year, interim dividends, or at the end of … form of stock repurchases or cash dividends. Cash dividends offer investors a stream of income. Stock repurchases entail the buyback of a firm share. Stock repurchases are employed as a strategy for managing a company's real earnings. Moreover, the stock repurchases have an inverse relationship with the … that undertake occasional repurchases with firms that pay dividends exclusively are largely becoming extinct. Stock repurchases have been identified to boost earnings per share, a tax-efficient approach of returning excess capital to investors since the stock repurchases incur capital gains tax. In contrast, the dividend income is … Distribution value of equity and Per Stock Price
· Intrinsic Value of……
References
References
Al-Malkawi, H.-A. N., Rafferty, M., & Pillai, R. (2010). Dividend Policy?: A Review of Literatures and Empirical Evidence. International Bulletin of Business Administration, 5(9), 38–45. https://doi.org/10.12816/0037572
Baker, H. K., & Weigand, R. (2015). Corporate dividend policy revisited. In Managerial Finance (Vol. 41, Issue 2, pp. 126–144). https://doi.org/10.1108/MF-03-2014-0077
Black, F., & Scholes, M. (2010). The effects of dividend yield and dividend policy on common stock prices and returns. In Journal of Financial Economics (Vol. 1, Issue 1, pp. 1–22). https://doi.org/10.1016/0304-405X(74)90006-3
Farre-Mensa, J., Michaely, R., & Schmalz, M. (2014). Payout Policy. Annual Review of Financial Economics, 6, 75–134.
Mohanasundari, M., & Vidhya, P. (2016). Dividend Policy and Its Impact on Firm Value: A Review of Theories and Empirical Evidence. Journal of Management Sciences and Technology, 3(3), 59–69.
Travlos, Trigeorgis, & Vafeas. (2001). No Title. Multinational Finance Journal, 5(2), 87–112.
Study Document
Shareholder Vs Stakeholder Theory
Introduction
Milton Friedman’s quote gets to the heart of the conflict between share theory vs. stakeholder theory. share theory posits that a corporation’s sole responsibility is to maximize the return on investment (ROI) for share. Stakeholder theory posits, on the other hand, that a company owes a duty to all stakeholders (not just share)—members of the community, workers, consumers; in short, anyone who is part of or who is impacted in some way by the company. The … of or who is impacted in some way by the company. The question is: Do corporations exist only to serve the interests of share or do they also have a responsibility to serve stakeholders as well? This paper will answer that question by looking at the nature … in business: Law, Culture, Philosophy, and Religion. It will show that in today’s business environment, stakeholder theory needs to be pursued instead of share……
References
References
Augustine. (n.d.). Commentaries on Sermon on the Mount. http://www.newadvent.org/fathers/16011.htm
Chen, J. (2019). Market Milestones as the Bull Market Turns 10. Retrieved from https://www.investopedia.com/market-milestones-as-the-bull-market-turns-10-4588903
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
Study Document
Globalization Of Insurance
While the U.S. enjoys the largest insurance market, U.S. companies no longer own the majority of the insurance market share in the country. Foreign companies do with 74% (Vaughan & Vaughan, 2013). This goes to show the extent to which foreign companies have … governments act in fits and starts and inevitably drift back towards deregulation. The 1982 law to allow public companies to purchase their own share on the open market is one example. Rule 10b-18 was the SEC rule that created a legal process for companies to conduct share repurchases (Reda, 2018). Prior to that rule, share buybacks were illegal. When the SEC changed the law regarding buybacks it changed the nature of the business and its duties. Businesses no … credit (which they all have now thanks to the Federal Reserve keeping the Fed Funds rate so low) and they could support their share price no matter……
References
References
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
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