MARC details
| 000 -LEADER |
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| fixed length control field |
03465nam a22002417a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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20250112205025.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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250112b |||||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9781032131146 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER |
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| Classification number |
338.690994 |
| Item number |
NDA |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Ndayisaba, Gilbert Amahor |
| 245 ## - TITLE STATEMENT |
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| Title |
Corporate share buybacks: |
| Remainder of title |
impact on equity incentive pay and shareholder value |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Name of publisher, distributor, etc. |
Routledge |
| Place of publication, distribution, etc. |
New York |
| Date of publication, distribution, etc. |
2024 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
xx, 207 p. |
| 365 ## - TRADE PRICE |
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| Price type code |
GBP |
| Price amount |
135.00 |
| 490 ## - SERIES STATEMENT |
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| Series statement |
Banking, Money and International Finance |
| 500 ## - GENERAL NOTE |
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| General note |
Table of content:<br/>1. Introduction 2. Equity compensation and stock buybacks background 3. Theoretical framework on incentives-induced buybacks 4. Literature review 5. Research design 6. Explaining the net effects of stock buyback programmes on the equity incentive plans for risk-averse employees 7. Explaining the effects of incentive-induced buybacks on stock performance 8. Explaining the effects of incentive-induced buybacks on the subsequent firm performance 9. Conclusion<br/><br/>[https://www.routledge.com/Corporate-Share-Buybacks-Impact-on-Equity-Incentive-Pay-and-Shareholder-Value/Ndayisaba-DahirAhmed/p/book/9781032131146?srsltid=AfmBOoqxAoJloqHbSnVKadEG5beyoOzYoAxWrsVgfQjSZ1Xx7dQOOZel] |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
This book integrates elements from agency theory and signalling theory and draws upon recent changes in the Australian payout policy and incentives pay for risk-averse employees to provide theoretical and empirical analyses that explain the paradox of the popularity of on-market stock buyback activities in a market environment characterised by reasonably high share prices.<br/><br/>The authors utilise a dynamic model that rationalises this paradox, which is divided into three components. The first component predicts that executives may be conducting on-market stock buyback programmes (SBPs) to adjust equity-based remuneration for risk-averse employees, thereby motivating their performance without granting them additional costly equity incentive plans (EIPs); the second component predicts that companies are likely to invest in SBPs to increase the ownership stakes of employees in the firm, thereby inducing risk-averse employees to increase their productivity which increases firm value; while the third component predicts that shareholders would benefit from incentives-induced buybacks if a firm’s opportunity cost of funds spent on buybacks is less than its inverse price-to-earnings ratio.<br/><br/>The authors’ findings highlight differences in the market responses towards announced repurchase motives, implying that not all incentives-induced buybacks are value-destructive buybacks. Specifically, the widespread assumption that SBPs stifle investments in human and capital stock may be subjective as the findings show that incentives-induced buybacks may be value-creative or value-destructive depending on share repurchase motives of SBPs.<br/><br/>This book will be a useful guide for scholars and researchers of finance, corporate finance, financial economics and financial accounting.<br/><br/>(https://www.routledge.com/Corporate-Share-Buybacks-Impact-on-Equity-Incentive-Pay-and-Shareholder-Value/Ndayisaba-DahirAhmed/p/book/9781032131146?srsltid=AfmBOoqxAoJloqHbSnVKadEG5beyoOzYoAxWrsVgfQjSZ1Xx7dQOOZel) |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Employee ownership--Australia |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Incentives in industry--Australia |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Stock ownership--Australia |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
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| Personal name |
Ahmed, Abdullahi Dahir |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Koha item type |
Book |
| Source of classification or shelving scheme |
Dewey Decimal Classification |