Share Buybacks and Information Asymmetry: Winners and Losers

Daily entry and exit triggers for open market repurchases

C Brown, S Pinder

2025-01-01

Using publicly available daily data, we analyse the daily decision repurchasing firms make to enter or exit the market during open..

Disclosure, Transparency and Regulation of Open Market Repurchases in Australia

Christine Brown, John Handley, Asjeet S Lamba

2020-01-01

Australia simplified the legislative framework governing share repurchases in 1995. We analyse detailed daily data on Australian c..

The Dividend Substitution Hypothesis: Australian Evidence

C Brown, J Handley, J O'Day

2015-03-01

In a perfect capital market firms are indifferent to either dividends or repurchases as payout mechanisms, suggesting that the two..