Share repurchases under uncertainty: US evidence
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Date
2019
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Publisher
Academic Press inc Elsevier Science
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Abstract
We examine the impact of economic policy uncertainty as measured by Baker et al. (2016) on share repurchase activity in the U.S. market. We employ panel analyses with 2258 firms between 1990 and 2017 using a quarterly dataset. Our findings reveal that firm managers tend to make less or no repurchases under high level of uncertainty in the economy.
Description
PIRGAIP, BURAK/0000-0001-8870-8502
ORCID
Keywords
Share repurchase, Economic policy uncertainty, Payout policy, Panel data analysis
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Citation
13
WoS Q
Q1
Scopus Q
Q1
Source
Volume
30
Issue
Start Page
130
End Page
138