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Stock repurchases and liquidity

HomeNern46394Stock repurchases and liquidity
03.04.2021

Sep 27, 2019 Without that $4 trillion in stock buybacks, not to mention the $4 trillion in liquidity from the Federal Reserve, the stock market would not have  buy back common stock for two reasons: (1) to distribute corporate cash to repurchases on the short-term and long-term liquidity of shares for firms buying  2 days ago The decision on buybacks is consistent with our collective objective to use our significant capital and liquidity to provide maximum support to  He further stated that “this new stock repurchase program provides the Company with an opportunity to provide liquidity to shareholders and increase shareholder  

Following additional open market repurchases and redemptions of its senior notes in Q4, PDS says FY 2019 debt repayments totaled $205M, exceeding its recently raised 2019 target of $200M, and the

Stock repurchases: How firms choose between a self tender offer and an open- market program information asymmetry, ownership concentration, and liquidity. generally do a poor job of choosing when to repurchase stock. Their results conclude that moderately confident repurchases decrease liquidity. Interestingly   Information about Sanofi's share repurchase program, liquidity contracts and disclosures of trading in own shares. Similarly, the coefficient on LIQUIDITY is 0.105 and significant at the 1% level, indicating that companies with more liquid stocks have to pay a relatively higher  receive liquidity through stock repurchases if taxation is favorable compared to dividends payout. The consequent effect is a positive market reaction. Jan 7, 2020 and statements" within the meaning of applicable securities laws. Share Repurchases, Liquidity and 2020 Capital Expenditure Plan  Sep 27, 2019 Without that $4 trillion in stock buybacks, not to mention the $4 trillion in liquidity from the Federal Reserve, the stock market would not have 

Liquidity also influences how firms execute repurchase programs. Repurchases provide liquidity when other investors sell the firm's stock or in times of crisis.

Similarly, the coefficient on LIQUIDITY is 0.105 and significant at the 1% level, indicating that companies with more liquid stocks have to pay a relatively higher 

share repurchases have attracted most attention by researchers. olloFwing Barclay and Smith (1988), several authors have analyzed the impact of repurchases on stock liquidity and found that repurchases reduce rather than enhance liquidity in ranceF and Hong Kong, whereas the

2 days ago The decision on buybacks is consistent with our collective objective to use our significant capital and liquidity to provide maximum support to  He further stated that “this new stock repurchase program provides the Company with an opportunity to provide liquidity to shareholders and increase shareholder   Sep 13, 2019 Horizon Bancorp introduces stock repurchase program. Financial institution offers returning capital to shareholders who want liquidity. resell all repurchased shares before a new capital increase. Additionally, the program may reduce stock trading liquidity in the stock market, decreasing free.

generally do a poor job of choosing when to repurchase stock. Their results conclude that moderately confident repurchases decrease liquidity. Interestingly  

stock market liquidity encourages managers to substitute repurchases for dividends. Our empirical results confirm that higher levels of stock market liquidity enable managers to take advantage of the tax and flexibility advantages of repurchases. When liquidity is relatively high, non-payout firms will initiate with repurchases instead of dividends, and positive payout firms will are mentioned briefly in the Introduction: liquidity needs, private information, and risk aversion.8 Liquidity needs have always been emphasized in the microstructure literature. Since firms usually buy back significant proportions of their own stock, they are probably