WHAT DO WE KNOW ABOUT STOCK REPURCHASES?
Journal Article
Overview
abstract
Stock repurchases by U.S. companies experienced a remarkable surge in the; 1980s and '90s. Indeed, in 1998, the total value of all stock repurchased; by U.S. companies exceeded for the first time the total amount paid out as; cash dividends. And the U.S. repurchase movement has gone global in the; past few years, spreading not only to Canada and the U.K., but also to; countries like Japan and Germany, where such transactions were prohibited; until recently. 2000 Morgan Stanley.