Are Corporate Share Repurchases Used to Support Overvalued Equity?
beSpacific 2013-06-25
Summary:
Liu, Harrison and Swanson, Edward P., Are Corporate Share Repurchases Used to Support Overvalued Equity? (June 22, 2013). Available at SSRN “The business press is replete with stories that companies use share repurchases “to pump or support the stock price” (Buffet 2000). If support for overvalued equity has become an important motive for stock repurchases, [...]
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