- Tytuł:
-
Sposoby odkupienia akcji własnych spółek publicznych a motywy jego przeprowadzania
Buy-back Methods and Reasons for Its Performing - Autorzy:
- Pieloch, Aleksandra
- Powiązania:
- https://bibliotekanauki.pl/articles/906930.pdf
- Data publikacji:
- 2012
- Wydawca:
- Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
- Tematy:
-
share repurchasing
buy-back motives
open market repurchases
target repurchases
fixed price tender offer
synthetic repurchases
accelerated share repurchases - Opis:
- The main objective of this article is to present the results of literature studies on methods for shares repurchasing used by public companies, as well as present the results of empirical research on how to buy such securities by companies listed on the Warsaw Stock Exchange in relation to the motives of its conduct. Purpose of the paper is carried out by empirical verification of hypotheses which stipulates that the choice of shares repurchasing method is conditioned by different motives of redemption, such as: achieving the company's surplus funds, lack of alternative investment opportunities, changes in capital structure, defense against hostile takeovers, a gradual reduction of the size of the company, changing the ownership structure, spread over the feasibility of monetary payment, an alternative form of cash dividends and the undervaluation of the shares on the market. The thesis consists of two main parts. The first part presents the methods of share repurchasing with an indication of the reasons for carrying out such operations. The second part was devoted to present the results of empirical research on motives of share repurchase of companies listed on Warsaw Stock Exchange.
- Źródło:
-
Acta Universitatis Lodziensis. Folia Oeconomica; 2012, 262
0208-6018
2353-7663 - Pojawia się w:
- Acta Universitatis Lodziensis. Folia Oeconomica
- Dostawca treści:
- Biblioteka Nauki
Artykuł