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Why Do Firms Repurchase Their Stocks? Evidence From An Emerging Market

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dc.contributor.author Pirgaip, Burak
dc.contributor.author Karacaer, Semra
dc.date.accessioned 2023-12-04T12:11:11Z
dc.date.available 2023-12-04T12:11:11Z
dc.date.issued 2017
dc.identifier.citation Burak Pirgaip; Semra Karacaer (2017). "Why Do Firms Repurchase Their Stocks? Evidence From An Emerging Market," Eurasian Journal of Business and Management, Eurasian Publications, Vol. 5, No. 3, pp. 26-34. tr_TR
dc.identifier.uri http://hdl.handle.net/20.500.12416/6730
dc.description.abstract Though it has recently become a contemporary financial management tool, stock repurchase can be so dangerous that it may raise concerns about insider trading and manipulative transactions. In fact, such concerns underlie the most important critique of stock repurchase and justify its prohibition, at least its restriction, in several jurisdictions to date. Turkey, as one of these jurisdictions, has latterly been updated in order to allow open market stock repurchases with certain restrictive provisions. We intend to explore why Turkish firms decide to repurchase their stocks. Having employed a conditional logistic regression model, the results reveal that signaling hypothesis, i.e. undervaluation and positive information dissemination, and excess capital and free cash flow hypothesis, i.e. excess cash distribution, hold for Turkish companies. tr_TR
dc.language.iso eng tr_TR
dc.rights info:eu-repo/semantics/closedAccess tr_TR
dc.title Why Do Firms Repurchase Their Stocks? Evidence From An Emerging Market tr_TR
dc.type article tr_TR
dc.relation.journal Eurasian Journal of Business and Management tr_TR
dc.contributor.authorID 252136 tr_TR
dc.identifier.volume 5 tr_TR
dc.identifier.issue 3 tr_TR
dc.identifier.startpage 26 tr_TR
dc.identifier.endpage 34 tr_TR
dc.contributor.department Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü tr_TR


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