Published 2022-12-01
Keywords
- No Keywords
How to Cite
Sornaganesh, V., Chellamma, A. V., & Annes Ragnal, D. (2022). Buyback of Shares in the Indian Scenario. Kristu Jayanti Journal of Management Sciences (KJMS), 1(2), 33–43. https://doi.org/10.59176/kjms.v1i2.2280
Abstract
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. In recent decades, share buybacks have overtaken dividends as a preferred way to return cash to shareholders. The present study attempted to know why the company chosee buyback shares. This study aims at identifying the various methods of buyback shares and analysing the buyback shares in eastern countries. This study also analyzes the buyback scenario of the Indian capital market.
Downloads
Download data is not yet available.
References
1. Douglas O. Cook, Laurie Krigman and Chris Leach J. (2003), 'An Analysis of SEC Guidelines for Executing Open Market Repurchases', Journal of Business, vol.76 no.2.
2. J.M. Juran and Keith Louden J., The Corporate Director, American Management Association, Indian Reprint (1980), specially 'Historical Addendum', pp. 337-42.
3. David Ikenberry, Josef Lakonishok, and Theo Vermaelen (2000), 'Stock Purchases in Canada: Performance and Strategic Trading', Journal of Finance, Vol. 55.
4. Raghuvendra Rau P. and Theo Vermaelen (2002), 'Regulation, Taxes and Share Repurchases in the United Kingdom', Journal of Business, Vol. 75, No. 2.
5. Economic Times dated 8.6.98, Business Standard dated 24.6.98, 29.6.98, 3.7.98, 8.7.98.)
6. Babenko, I (2009). "Share Repurchases and Pay Performance Sensitivity of Employee Compensation Contracts, "Journal of Finance, 64(1), 117-150.
7. Gupta, A (2006). "Share Price Behaviour around Buybacks in India," The ICFAI Journal of Applied Finance, 12(12), 26-40.
8. Jagannathan, M. and Stephens, C. P. (2003). "Motives for Multiple Open Market Repurchases Programs," Financial Management, 32 (2), 71-91.
9. Jagannathan, M, Stephens C. P. and Weisbach, M. S. (2000). "Financial Flexibility and the Choice between Dividends and Stock Repurchases," Journal of Financial Economics, 57(3), 355-389.
10. Kahle, K. M. (2002). "When a Buyback isn't a Buyback: Open Market Repurchases and Employee Options, "Journal of Financial Economics, 63(2), 235-261.
11. Kaur, K and Singh, B (2003). "Buyback Announcements and Stock Price Behaviour: an Empirical Study," The ICFAI Journal of Applied Finance, 9(5), 23-29.
12. Mohanty, P. (2002). "Who Gains in Share Buyback?" The ICFAI Journal of Applied Finance, 8(6) 19-30.
13. Muralidhar, S. (2002). "Buybacks by MNCs: Shrinking the Equity Market", The Hindu Business Line, March 17.
14. Murthy, V. S. (2002). "Buyback of Shares by MNCs in India," Case Folio, 10, 59-67
15. Skjeltorp, J. A. (2004). "The Market Impact & Timing of Open Market Share Repurchases in Norway," Working Paper, Research Development, ANO/2004/8 Norwegian School of Management, Oslo.
2. J.M. Juran and Keith Louden J., The Corporate Director, American Management Association, Indian Reprint (1980), specially 'Historical Addendum', pp. 337-42.
3. David Ikenberry, Josef Lakonishok, and Theo Vermaelen (2000), 'Stock Purchases in Canada: Performance and Strategic Trading', Journal of Finance, Vol. 55.
4. Raghuvendra Rau P. and Theo Vermaelen (2002), 'Regulation, Taxes and Share Repurchases in the United Kingdom', Journal of Business, Vol. 75, No. 2.
5. Economic Times dated 8.6.98, Business Standard dated 24.6.98, 29.6.98, 3.7.98, 8.7.98.)
6. Babenko, I (2009). "Share Repurchases and Pay Performance Sensitivity of Employee Compensation Contracts, "Journal of Finance, 64(1), 117-150.
7. Gupta, A (2006). "Share Price Behaviour around Buybacks in India," The ICFAI Journal of Applied Finance, 12(12), 26-40.
8. Jagannathan, M. and Stephens, C. P. (2003). "Motives for Multiple Open Market Repurchases Programs," Financial Management, 32 (2), 71-91.
9. Jagannathan, M, Stephens C. P. and Weisbach, M. S. (2000). "Financial Flexibility and the Choice between Dividends and Stock Repurchases," Journal of Financial Economics, 57(3), 355-389.
10. Kahle, K. M. (2002). "When a Buyback isn't a Buyback: Open Market Repurchases and Employee Options, "Journal of Financial Economics, 63(2), 235-261.
11. Kaur, K and Singh, B (2003). "Buyback Announcements and Stock Price Behaviour: an Empirical Study," The ICFAI Journal of Applied Finance, 9(5), 23-29.
12. Mohanty, P. (2002). "Who Gains in Share Buyback?" The ICFAI Journal of Applied Finance, 8(6) 19-30.
13. Muralidhar, S. (2002). "Buybacks by MNCs: Shrinking the Equity Market", The Hindu Business Line, March 17.
14. Murthy, V. S. (2002). "Buyback of Shares by MNCs in India," Case Folio, 10, 59-67
15. Skjeltorp, J. A. (2004). "The Market Impact & Timing of Open Market Share Repurchases in Norway," Working Paper, Research Development, ANO/2004/8 Norwegian School of Management, Oslo.