Determinants of share repurchases: a quantile regression approach
نویسندگان
چکیده
This study utilizes quantile regressions to investigate the effect of determinants share repurchases on firms at different points distribution. Empirical results from a large panel NYSE repurchasing firms, document an asymmetric several in terms size, significance and direction. Excess capital, stock options growth opportunities are significant throughout distribution their impact increases successive quantiles while ownership concentration leverage exhibit sign reversals between lower upper quantiles. These differing effects attributed highly heterogeneous firm characteristics across
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ژورنال
عنوان ژورنال: Economics and Business Letters
سال: 2021
ISSN: ['2254-4380']
DOI: https://doi.org/10.17811/ebl.10.1.2021.27-36