Organization capital represents the stock of knowledge, capabilities, culture, and business
processes, and systems that integrate human skills with physical capital to enhance …

Using a sample of over 9,000 buyback announcements from 31 non-US countries, we find
support for the results of studies based on US data: On average, share repurchases are …

This study uses a novel method of segregating oil price shocks into demand-and supply-
driven contributors to examine their impact on the corporate payouts of US companies …

We study share repurchase announcements for nine European countries between 2000 and
2017. In contrast to previous studies, we address the role of market uncertainty as a market …

Previous studies indicate that stock prices react positively to announcements of open market
share repurchases (OMR). However, global evidence indicates that some firms announce …

Although it has a durable institutional shape, the operation of capitalism takes different forms
across space and time with varying distributive effects. This article contributes to a growing …

We propose and test the hypothesis that overconfident-CEOs, with upwardly-biased
estimates of own firm-value, are more predisposed to repurchasing stock. An implication is …

Using the financial crisis as a natural experiment, we test whether repurchases are more
flexible than dividends. We document that the proportion of repurchasing firms that reduced …

Over the past two decades or so, repurchases have become an appealing method for
disbursing cash to shareholders compared to the traditional dividends. Managerial …

Using a dynamic heterogeneous agent industry model, we examine the impact of manager
remuneration schemes on firms' investment decisions and on the evolution of their …