Share repurchases under uncertainty: U.S. evidence

Burak Pirgaip; Burcu Dinçergök

doi:10.1016/j.frl.2019.03.036

Share repurchases under uncertainty: U.S. evidence

Burak Pirgaip
, Burcu Dinçergök

Research output: Contribution to journal › Article › peer-review

17 Citations (Scopus)

Abstract

We examine the impact of economic policy uncertainty as measured by Baker et al. (2016) on share repurchase activity in the U.S. market. We employ panel analyses with 2258 firms between 1990 and 2017 using a quarterly dataset. Our findings reveal that firm managers tend to make less or no repurchases under high level of uncertainty in the economy.

Original language	English
Pages (from-to)	130-138
Number of pages	9
Journal	Finance Research Letters
Volume	30
DOIs	https://doi.org/10.1016/j.frl.2019.03.036
Publication status	Published - Sept 2019
Externally published	Yes

Keywords

Economic policy uncertainty
Panel data analysis
Payout policy
Share repurchase

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10.1016/j.frl.2019.03.036

Cite this

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abstract = "We examine the impact of economic policy uncertainty as measured by Baker et al. (2016) on share repurchase activity in the U.S. market. We employ panel analyses with 2258 firms between 1990 and 2017 using a quarterly dataset. Our findings reveal that firm managers tend to make less or no repurchases under high level of uncertainty in the economy.",

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Share repurchases under uncertainty: U.S. evidence

Abstract

Keywords

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