Keywords: Wealth transfer
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Journal Articles
Journal Articles
Managerial Finance (2019) 45 (3): 430–444.
Published: 13 March 2019
... Ethics Monte Carlo simulation Share repurchases Numerical model Wealth effects Wealth transfer Firms purchase their own shares for many reasons. Some firms repurchase stock to return cash to shareholders (Jensen, 1986 ; Stephens and Weisbach, 1998 ; Wang et al., 2009). Other firms...
Journal Articles
Managerial Finance (2014) 40 (12): 1223–1250.
Published: 01 December 2014
...Robert M. Hull; Robert M. Hull Purpose – The purpose of this paper is to instruct advanced business students on the debt-equity choice by showing how wealth transfers between security holders influence security values when a levered firm undergoes an incremental debt-to-equity approach...

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