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Keywords: cash holding
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Journal Articles
Effects of Legalizing Open Market Share Repurchases: International Evidence
Available to Purchase
Journal of Law, Finance and Accounting (2021) 6 (1): 125–177.
Published: 06 May 2021
... increase, while dividend, cash holding, capital expenditure, and acquisitions decrease, leading to an increase in post-legalization stock returns and firm value. The effects are weaker in countries with trading restrictions, in countries with lower net tax rates on dividends, for firms with higher target...
