Research

Demystifying share buybacks

Fabian Scheler

May 11, 2021

In this paper we elaborate on the often misunderstood mechanics of buyback programs and show why we think that their influence and importance is widely exaggerated.

6 Minute Read

Share repurchases have been lauded for increasing investor’s returns and blamed for driving up leverage ratios and stock market valuation.

In this paper we elaborate on the often misunderstood mechanics of buyback programs and show why we think that their influence and importance is widely exaggerated.

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