Effects of financial constraints and product market competition on share repurchases
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DOI: 10.1016/j.intfin.2021.101392
Abstract: Abstract This study explores the importance of financial constraints and product market competition on the share repurchase decision. We find that financially constrained firms are more likely to conduct debt-financed share repurchases. Financially unconstrained firms,… read more here.
Keywords: competition; financial constraints; constraints product; share repurchases ... See more keywords