Share Repurchase – Influence on the Price of Companies and Effects for Shareholders

Petko Valkov
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Petko Valkov: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2016, issue 2, 99-109

Abstract: This article serves as an introduction to the theory and practice of share repurchase done by public companies. The main reasons for share re­purchase procedures carried out by issuers have been studied, and the flaws and risks of such ac­tivities have been pointed out. Attention has been given to the effects on share prices and share­holders’ interests. The second half of the article deals with the practices of Bulgarian public com­panies. It is apparent that this corporate activity is still little-known and poorly implemented in Bul­garia. It cannot be claimed that its weak spread is at the cost of dividend policy, since public compa­nies are not consistent with regards to it too.

Keywords: share repurchase; public companies; Stock Exchange; shareholders; dividends; corporate management (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2016:i:2:p:99-109

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