Journal articles: 'Buyback'

1

Ahluwalia, Jyoti, and Mandeep Mahendru. "TCS Share Buyback." South Asian Journal of Business and Management Cases 8, no. 1 (November 11, 2018): 58–69. http://dx.doi.org/10.1177/2277977918803466.

Full text

Abstract:

This case discusses the share buyback announcement by Tata Consultancy Services (TCS) during February 2017 when its Chairman N Chandrasekaran was appointed as the Chairman of Tata Sons after Tata Sons had ousted its former Chairman, Cyrus Mistry. The case highlights the reasons why companies may opt for share buyback, what is the role of the tax laws of the country towards these decisions and whether such decisions are beneficial for the company, the investors or the promoters. The case considers impact of aspects such as employee training and investments in innovation on the buyback decisions and also brings an international perspective with regard to how buybacks have fared in the US during the past decade.

APA, Harvard, Vancouver, ISO, and other styles

2

Tkachenko, I. N., and B. S. Bataeva. "Foreign and Russian Studies of Share Buyback Practices: A View from the Corporate Governance Perspective." Management Science 10, no. 4 (December 31, 2020): 37–51. http://dx.doi.org/10.26794/2404-022x-2020-10-4-37-51.

Full text

Abstract:

The paper discusses the mechanism of shares buyback and its implementation in foreign countries and in Russia. The publication purpose is to study the practice of buybacks in the aspect of corporate governance, satisfaction of stakeholders interests being in the new economic realities by the impact of sanctions and the COVID-19 pandemic. The authors use the method of content analysis of publications by Russian and foreign researchers based on Google Scholar since 1990 to 2020, considering buyback programs in relation to corporate governance and influence on stakeholders. Also, the authors analyze the state of the Russian stock market by capitalization, by the number of issuers of shares on the MICEX-RTS from 2013 to 2020. There are analyzed programs for repurchase of shares of Russian companies for the period 2018–2020. There have been put forward and tested three hypotheses related to the impact of sanctions and the coronavirus pandemic on the policy of implementing buyback deals by the companies. The “share buyback” is usually considered to a greater extent from the point of view of corporate finance in the Russian business field, outside the context of corporate governance and even more so outside of relations with stakeholders. There is a dominant approach to buybacks from the point of view of shareholders rather than from the point of view of stakeholders in Russian business practice. There is no discussion about the negative impact of buybacks on their interests in the public opinion and in the expert environment, due to the relative weakness of the positions of Russian stakeholders. The future research may focus on assessing the impact of share buyback programs on the risks system and benefits for financial and non-financial stakeholders. Also, there should be emphasized on studying the impact of share buybacks on the corporate governance quality and on studying their impact on top management remuneration, being assessed the effectiveness and efficiency of programs buybacks.

APA, Harvard, Vancouver, ISO, and other styles

3

Tkachenko, I. N., and B. S. Bataeva. "Foreign and Russian Studies of Share Buyback Practices: A View from the Corporate Governance Perspective." Management Science 10, no. 4 (December 31, 2020): 37–51. http://dx.doi.org/10.26794/2404-022x-2020-10-4-37-51.

Full text

Abstract:

The paper discusses the mechanism of shares buyback and its implementation in foreign countries and in Russia. The publication purpose is to study the practice of buybacks in the aspect of corporate governance, satisfaction of stakeholders interests being in the new economic realities by the impact of sanctions and the COVID-19 pandemic. The authors use the method of content analysis of publications by Russian and foreign researchers based on Google Scholar since 1990 to 2020, considering buyback programs in relation to corporate governance and influence on stakeholders. Also, the authors analyze the state of the Russian stock market by capitalization, by the number of issuers of shares on the MICEX-RTS from 2013 to 2020. There are analyzed programs for repurchase of shares of Russian companies for the period 2018–2020. There have been put forward and tested three hypotheses related to the impact of sanctions and the coronavirus pandemic on the policy of implementing buyback deals by the companies. The “share buyback” is usually considered to a greater extent from the point of view of corporate finance in the Russian business field, outside the context of corporate governance and even more so outside of relations with stakeholders. There is a dominant approach to buybacks from the point of view of shareholders rather than from the point of view of stakeholders in Russian business practice. There is no discussion about the negative impact of buybacks on their interests in the public opinion and in the expert environment, due to the relative weakness of the positions of Russian stakeholders. The future research may focus on assessing the impact of share buyback programs on the risks system and benefits for financial and non-financial stakeholders. Also, there should be emphasized on studying the impact of share buybacks on the corporate governance quality and on studying their impact on top management remuneration, being assessed the effectiveness and efficiency of programs buybacks.

APA, Harvard, Vancouver, ISO, and other styles

4

Varma, Urvashi, and Alka Munjal. "A Study of Motivators of Tender Offer Repurchases in the Indian Environment." IRA-International Journal of Management & Social Sciences (ISSN 2455-2267) 4, no. 2 (September 7, 2016): 447. http://dx.doi.org/10.21013/jmss.v4.n2.p14.

Full text

Abstract:

<div><p><em>Share buybacks are a 15 year old process in India. In developed countries share buyback is a well-accepted practice but in India the concept has yet to gain popularity. The article tries to look at the tender offer repurchases in Indian between the periods 2004 to September 2013. There were 51 public announcements for share buyback through tender offer route. The other popular method is open market repurchase. The paper tries to identify the main drivers in the tender offer repurchase through regression analysis. The more significant drivers are reduction of earnings per share through buyback, correction in capital structure and improvement in return ratios like return on net worth . The paper also looks at identifying the impact on promoter’s holding through tender offer buyback and identify if it is one of the drivers of share buyback.</em></p></div>

APA, Harvard, Vancouver, ISO, and other styles

5

Thunberg, Eric M. "Buyback Programs for Overcapitalized Fisheries: Approaches, Experiences, and Impacts for Southeast Fisheries: Discussion." Journal of Agricultural and Applied Economics 36, no. 2 (August 2004): 347–49. http://dx.doi.org/10.1017/s1074070800026638.

Full text

Abstract:

Both of the papers presented in this session deal with various aspects of buyback programs for fisheries. Each paper highlights the need to rationalize capacity output in fisheries in which property rights are poorly specified. However, neither paper places buyback programs into a consistent framework in which the distinction between capacity reduction and capacity utilization is clearly recognized. This distinction is important in order to elicit the most appropriate policy response (particularly with respect to buybacks) to degraded fishery resources.

APA, Harvard, Vancouver, ISO, and other styles

6

Kadang, Oktavius Samsurya. "Pengaruh Buy Back Saham terhadap Kinerja Keuangan dan Kinerja Pasar (Studi Kasus PT. Bakrie Sumatera Plantations Tbk.)." Jurnal Riset Manajemen dan Bisnis 3, no. 2 (December 1, 2008): 138. http://dx.doi.org/10.21460/jrmb.2008.32.207.

Full text

Abstract:

This research aimed at understanding the influence of, the stock bryback on the performances of finance ond mwket of PT Babie sumatera plontatiorc. This research used the quarterly finance data of the company abtained from the official website of the Indonesia stock hchange @EI) andfrom the daily stock price retriarcdfrom Yahoo Finance. The research periods were the third quffiter of 20A8, thefowth quwtu of 2008, andthefirst quoter of 2009. The ratio analysis result using trend concluded that A the time of doins the buyback, the finance performonce declined because of the *tng if the ratio of the debt and thefalli4g of the ratio of the liquidity. afier uecatiig uryback, the eompany liquidity ratio decreased and the debt ratio increasecl,whereas the ratio of RoA, RoE, and EPS was getting better because of the efrciency of the company. The mtket performance, whichwas anallzed based on the 6)erage of the stock price quarterly, deereased by the time of buyback"whereas arter doing the buybacli, the paform(mce was getting better aithough the *ternalfactors of the comp@ry was stronger in supporting the stockpriie.Keywords: Stock buybac\ financial ratio, performorce of finance,performance ofmmket.

APA, Harvard, Vancouver, ISO, and other styles

7

Larkin, Sherry L., Walter Keithly, Charles M. Adams, and Richard F. Kazmierczak. "Buyback Programs for Capacity Reduction in the U.S. Atlantic Shark Fishery." Journal of Agricultural and Applied Economics 36, no. 2 (August 2004): 317–32. http://dx.doi.org/10.1017/s1074070800026614.

Full text

Abstract:

Declining fishery stocks, increasing fishing effort, and adverse market conditions have produced difficult financial situations for fishermen worldwide. Several high-valued fisheries are considered to be overcapitalized. The purchase and permanent retirement of fishing vessels and/or permits under a buyback program is one approach for reducing fishing capacity. Evidence from previous programs, however, suggests that buybacks are not a panacea for solving overcapacity problems. Whether such programs can help rebuild stocks and improve the financial condition of fleets in any specific fishery depends on a multitude of factors. We consider the potential of a buyback program for the U.S. Atlantic shark fishery.

APA, Harvard, Vancouver, ISO, and other styles

8

Capizzi, Vincenzo, and Renato Giovannini. "In search for the determinants of share repurchases policies in the Italian equity capital market: An event study." Corporate Board role duties and composition 7, no. 1 (2011): 33–47. http://dx.doi.org/10.22495/cbv7i1art3.

Full text

Abstract:

In the last decade the number of buyback transactions involving listed companies in the Italian equity capital market has experienced a huge growth. However, no clear understanding of this phenomenon has yet been reached, also because of the limited information available on such financial decisions. The purpose of this paper is to check the main hypotheses behind the determinants of share repurchases, analysing the effect of own share buyback announcements specifically on the performance of the listed companies before and after the discontinuity introduced in Italy through the Reform of the financial markets. The first major outcome coming from the empirical analysis deals with the strong incentive played by the reform mentioned above, which introduced stricter corporate governance criteria, leading to a sharp increase in the volume and frequency of share buyback announcements, as well as in the number of companies getting access to this instrument. Secondly, the analysis strongly supports the replacement hypothesis theory, which states that buybacks have become a better substitute for dividends as a remuneration policy for shareholders.

APA, Harvard, Vancouver, ISO, and other styles

9

Grove, Hugh, and Maclyn Clouse. "No Buybacks Guidance in Corporate Governance Principles." Corporate Governance and Organizational Behavior Review 1, no. 1 (December 14, 2017): 7–12. http://dx.doi.org/10.22495/cgobr_v1_i1_p1.

Full text

Abstract:

13 high profile CEOs of U.S. companies secretly worked for one year to develop corporate governance principles that would serve as a future pathway. They advocated their resulting document as being detailed and tough-minded with commonsense recommendations and guidelines about the roles and responsibilities of boards, companies, and shareholders. However, these corporate governance principles did not provide any specific guidance or perspective on the use of common share buybacks to improve earnings per share, which has become a popular form of earnings management by U.S. public companies. This paper analyzes the buyback strategy of these CEOs’ own public companies plus a sample of their major competitors. For these well-known major U.S. companies, the common stock buyback strategy to improve the profitability performance of net income growth to a larger EPS growth occurred 61% of the time for annual growth periods and 100% of the time for the four-year growth period. Accordingly, this paper recommends buybacks guidance for corporate governance, consistent with public reporting and management compensation guidelines.

APA, Harvard, Vancouver, ISO, and other styles

10

Lailiyah, Elliv Hidayatul, Ika Purwanti, and Muhammad Sulton. "Misprice, Leverage and Stock Buyback: Evidence in Indonesia." Jurnal Ekonomi Bisnis dan Kewirausahaan 9, no. 2 (August 28, 2020): 98. http://dx.doi.org/10.26418/jebik.v9i2.41547.

Full text

Abstract:

Cash distribution by stock buyback is one ways to increase stockholder wealth. This study is to analyze the effect of misprice (misvaluation) and leverage on stock buyback. Limited prior study discussed about stock buyback and misprice especially in Indonesia, theoritically, in Indonesia not only firm with undervalue stock do stock buyback but also firm with overvalue stock. Stock buyback can increase the stock prices, but the implementation in Indonesia is still small. Non-financial firms listed on the Indonesia Stock Exchange from 2010 to 2017 used in this study. Samples were taken by a purposive sampling method based on certain criteria. The data analysis techniques use multiple linear regression statistical analysis. The results showed that misprice has a positive effect on buyback. The different thing found in Indonesia because overvalued firms hold stock buyback. Leverage has a negative effect on stock buyback. Firms with leverage below the target tend to do a stock buyback. In addition, the stock buyback also used to correct prices (for undervalued stock to be fair). The implication in this study is stock buyback not only viewing to correct prices but also giving a signal to the market that the firm is in a good fundamental condition.

APA, Harvard, Vancouver, ISO, and other styles

11

Hasibuan, Ainul Husna, and Syahrizal Chalil. "ANALISIS PENGARUH PENGUMUMAN STOCK BUYBACK TERHADAP HARGA SAHAM DAN RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2011-2016." Jurnal PLANS : Penelitian Ilmu Manajemen dan Bisnis 13, no. 2 (May 23, 2019): 105. http://dx.doi.org/10.24114/plans.v13i2.13313.

Full text

Abstract:

AbstrakPenelitian ini berupa penelitian deskriptif kuantitatif dengan pendekatan event study. Populasi dari penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa Efek Indonesia yang melakukan stock buyback tahun 2011-2016. Sampel yang digunakan sebanyak 66 perusahaan yang terdaftar di BEI yang diambil dengan menggunakan metode purposive sampling. Hasil penelitian menunjukkan harga saham dan return saham sebelum pengumuman stock buyback lebih rendah dari sesudah pengumuman stock buyback. Hal tersebut menunjukkan bahwa informasi pengumuman stock buyback direspon secara positif oleh investor. Dengan demikian, dapat disimpulkan bahwa pengumuman stock buyback berpengaruh terhadap harga saham dan return saham perusahaan yang terdaftar di Bursa Efek Indonesia 2011-2016. Kata Kunci : Stock Buyback, Harga Saham, Return Saham AbstractThis research is descriptive quantitative research with the event study approach. The population of this study are all companies listed in Indonesia Stock Exchange that the stock-buyback year 2011-2016. The samples used were 66 companies listed on the Stock Exchange are taken by using purposive sampling method. The results showed stock prices and stock returns before the announcement of a stock buyback is lower than after the announcement of a stock buyback. It shows that the stock buyback announcement information responded positively by investors. Thus, it can be concluded that the announcement of a stock buyback effect on stock prices and stock returns of companies listed on the Indonesia Stock Exchange 2011-2016. Keyword : Stock Buyback, Stock Price, Stock Return

APA, Harvard, Vancouver, ISO, and other styles

12

Gupta, Jyoti, and Florian Wagner. "The Announcement Effect of Open-Market Share Buybacks: The Case for European Firms." International Journal of Economics and Finance 10, no. 8 (July 11, 2018): 117. http://dx.doi.org/10.5539/ijef.v10n8p117.

Full text

Abstract:

Using a comprehensive sample of 1830 open-market repurchases of 15 European countries encompassing the period from 1998 until 2013, we analyzed the magnitude and determinants of the share price reaction on announcement. Our results indicate that buyback announcements in Europe lead on average to a significantly positive abnormal return of 0.92% on announcement day, however, decreasing in firm size and announcement frequency. Additionally, our findings show that the market does not particularly greet the distribution of excess cash to shareholders, but rather when companies take advantage of undervalued stock as market-to-book values are inversely related to announcement returns. Looking at the companies’ leverage ratios, the motive of capital structure optimization cannot be supported by the empirical findings. Lastly, with respect to managerial market timing ability we could not observe that buybacks are following a period of share price underperformance, concluding that managers are not able to time the implementation of buyback programs.

APA, Harvard, Vancouver, ISO, and other styles

13

Munoz Jr, Jose Emilio. "An Alternative Explanation for Stock Price Increases among the S&P 500 following a Stock Buyback Announcement." Journal of Accounting and Finance in Emerging Economies 3, no. 2 (June 30, 2017): 137–46. http://dx.doi.org/10.26710/jafee.v3i2.92.

Full text

Abstract:

Purpose: The purpose of this paper is to investigate an alternative, more basic explanation for stock price increases among the Standard & Poor's 500 Index following a stock buyback announcement than the signaling theory offered in current literature. Methodology: Three related sets of data were collected and analyzed for 1,858 individual S&P 500 stock buyback announcements occurring during the period 2005-2015: First, the actual stock prices for 6 different times from the buyback announcement date (t) to one year after (t+365); second, the S&P 500 Index for the same dates; and third, the mathematical price of the stock resulting from the reduction in buyback shares. Results: The results demonstrate that the greatest contributor to the post-buyback-announcement share price increase is due to the combination of general market moves (S&P 500 Index) and the mathematical reduction in shares occurring from the buyback. No support is found for the signaling theory. Implication: This research presents a conceptually yet empirically supported framework to describe the significance of the mathematical reduction in shares as a contributing factor in the post-buyback-announcement share price increase as compared to alternatives offered in the current literature. This paper is particularly useful for those who study stock market behavior and the causes of the share price increase that follow a stock buyback announcement.

APA, Harvard, Vancouver, ISO, and other styles

14

Bulow, Jeremy, Kenneth Rogoff, and Rudiger Dornbusch. "The Buyback Boondoggle." Brookings Papers on Economic Activity 1988, no. 2 (1988): 675. http://dx.doi.org/10.2307/2534539.

Full text

APA, Harvard, Vancouver, ISO, and other styles

15

Violano, Pina, Cassandra Driscoll, Neil K. Chaudhary, Kevin M. Schuster, Kimberly A. Davis, Esther Borer, Jane K. Winters, and Michael P. Hirsh. "Gun buyback programs." Journal of Trauma and Acute Care Surgery 77 (September 2014): S46—S50. http://dx.doi.org/10.1097/ta.0000000000000319.

Full text

APA, Harvard, Vancouver, ISO, and other styles

16

Asness, Clifford, Todd Hazelkorn, and Scott Richardson. "Buyback Derangement Syndrome." Journal of Portfolio Management 44, no. 5 (April 30, 2018): 50–57. http://dx.doi.org/10.3905/jpm.2018.44.5.050.

Full text

APA, Harvard, Vancouver, ISO, and other styles

17

Alquhaif, Abdulsalam Saad, Rohaida Abdul Latif, and Sitraselvi Chandren. "Women in Board of Directors and Real Earnings Management: Accretive Share Buyback in Malaysia." Asian Journal of Finance & Accounting 9, no. 2 (August 29, 2017): 48. http://dx.doi.org/10.5296/ajfa.v9i2.11752.

Full text

Abstract:

Gender diversity of boards and reporting of earnings are two most debated issues in the corporate world. In this context, the paper explores how the presence of women directors on the corporate board influence real earnings management through accretive buyback programs. Using a sample of 601 firms’ observations that engage in accretive share buyback from 2010-2015, the findings reveal that existence of women directors on the board is associated with less engagement in accretive share buyback activities. We further find that firms with a higher number of independent directors are less likely to practice real earnings management through accretive buyback programs. Our paper contributes to the debate on gender diversity on boards and its influence on the utilisation of accretive buyback programs as a tool to real earnings management.

APA, Harvard, Vancouver, ISO, and other styles

18

Wang, Xiao Bin, and Yi Hua Wang. "Supply Chain Coordination Based on Buyback Contract under the Imperfect Product Quality and Fuzzy Demand Environments." Advanced Materials Research 756-759 (September 2013): 2834–39. http://dx.doi.org/10.4028/www.scientific.net/amr.756-759.2834.

Full text

Abstract:

The coordination of two-echelons supply chain by buyback contract under the imperfect product quality and fuzzy demand environment is investigated in this paper. The mathematical models are built based on credibility theory, and the optimal parameters of buyback contract are obtained. In addition, the influence of the imperfect product rate on the parameters of buyback contract is analyzed. Finally, a numerical example is presented to demonstrate the solving processes of the models and the different effects of imperfect product rate on parameters of buyback contract and the fuzzy expected profit value of all members in supply chain.

APA, Harvard, Vancouver, ISO, and other styles

19

Pradhan, Subhendu Kumar, and R. Kasilingam. "Buyback Announcement and Its Impact on Shareholders’ Wealth: A Study on Bombay Stock Exchange." Asia-Pacific Journal of Management Research and Innovation 14, no. 3-4 (September 2018): 111–19. http://dx.doi.org/10.1177/2319510x18819652.

Full text

Abstract:

Buyback announcement is a programme through which companies buy back its own shares from the public due to many reasons such as undervaluation of share, market situation, lack of investment opportunity and so on. In fact, it may affect the share price movement and company’s performance. In the last couple of years, there is a significant increase of funds offered for buyback in the Indian capital market. Therefore, the study attempts to find out its impact on shareholders’ wealth. To know this impact, buyback announcement are analysed industry-wise using companies of BSE 500 index. The samples are selected based on prescribed criteria made by the researcher which are exclusively related to the number of times buyback programmes are announced by companies under a particular industry. The study analyses the share price movement of sampled companies for 30 days before and 30 days after the announcement. The market adjusted model is used to calculate the abnormal returns (AR). The statistical tools such as paired sample t-test and analysis of variance are used for the analysis. The study concludes that buyback affects the share price of health care industry, fast-moving consumer goods (FMCG) industry, chemical and petrochemical industry, capital goods industry and finance industry, but it is not applicable to other industries such as agriculture industry and transport equipment industry, which are not significant. The reasons behind this may be the size of the buyback offer, mode of the buyback offer and market situation. The study also concludes that AR earned by the investors are not different according to the nature of the industries. This study proves that buyback announcement is irrelevant to shareholders’ wealth.

APA, Harvard, Vancouver, ISO, and other styles

20

Choirun Nisful Laili. "Analisis Buy Back Saham Tanpa Rapat Umum Pemegang Saham pada PT Bank Mandiri, Tbk." AKUNTABILITAS: Jurnal Ilmiah Ilmu-Ilmu Ekonomi 13, no. 2 (February 23, 2021): 71–82. http://dx.doi.org/10.35457/akuntabilitas.v13i2.1297.

Full text

Abstract:

Penelitian ini bertujuan untuk mengetahui pengaruh pengumuman buyback terhadap respon pasar pada PT. Bank Mandiri (Persero) Tbk berdasarkan Surat Edaran OJK Nomor 3/SEOJK.04/2020 tanggal 9 Maret 2020 tentang Kondisi Lain Sebagai Kondisi Pasar yang Berfluktuasi secara Signifikan dalam Pelaksanaan Pembelian Kembali Saham yang Dikeluarkan oleh Emiten atau Perusahaan Publik. Penelitian ini juga bertujuan untuk mengetahui apakah ada perbedaan yang signifikan Return, Abnormal Return, dan Trading Volume Activity saham sebelum dan sesudah pengumuman buyback saham tahun 2020. Objek penelitian adalah PT. Bank Mandiri (Persero) Tbk. Hasil penelitian ini adalah tidak terdapat perbedaan antara Return sebelum dan sesudah pengumuman buyback saham di PT. Bank Mandiri (Persero) Tbk. Untuk Abnormal Return sebelum dan sesudah pengumuman buyback tidak menunjukkan perbedaan yang signifikan. Untuk trading volume activity juga tidak ditemukan perbedaan yang signifikan, dapat disimpulkan bahwa pengumuman buyback saham tahun 2020 tidak memberikan keuntungan bagi para investor.

APA, Harvard, Vancouver, ISO, and other styles

21

Yallapragada, RamMohan R. "Stock Buybacks: Good Or Bad For Investors?" Journal of Business & Economics Research (JBER) 12, no. 2 (March 29, 2014): 193. http://dx.doi.org/10.19030/jber.v12i2.8535.

Full text

Abstract:

A recent news flash announced that Warren Buffets Berkshire Hathaway would buy back $1.2 billion worth of its own Class A stock. In recent times, such stock buybacks are happening in rapid succession among companies all over the world. There are many advantages to investors of a company when the company buys back its own stock, generally known as treasury stock. Stock buybacks result in higher earnings per share (EPS), theoretically resulting in higher stock prices. Companies also resort to stock buybacks when they happen to have excessive cash balance. Cash rich companies are generally considered attractive targets for takeover possibilities. During times such as the present ones when returns on cash money market accounts do not yield attractive returns, companies usually implement stock buyback policies, thus earning better returns on excess cash while at the same time avoiding takeover possibilities. There are also some hidden advantages to senior management resulting from stock buybacks because of higher prices for their substantial stock options. There are also some disadvantages to investors resulting from stock buybacks. This paper presents some of the main reasons for stock buybacks, and the consequential advantages and disadvantages to investors and other stakeholders.

APA, Harvard, Vancouver, ISO, and other styles

22

Hu, Wei, and Jianbin Li. "How to Implement Return Policies in a Two-Echelon Supply Chain?" Discrete Dynamics in Nature and Society 2012 (2012): 1–20. http://dx.doi.org/10.1155/2012/453193.

Full text

Abstract:

We integrate a retailer's return policy and a supplier's buyback policy within a modeling framework. In this setting, consumers decide whether to buy and then whether to return the product, the retailer sets the retail price, quantity, and refund price, and the supplier chooses the wholesale price and buyback price. Both the demand uncertainty and consumers' valuation uncertainty are considered; consumers realize their valuations only after purchase. We discuss four scenarios for each party in the supply chain that may offer or not offer return policy. We characterize each party's optimal decisions for all scenarios and we show that the supplier's best choice is to provide buyback policy and the retailer's optimal response is to set refund price to be the same as supplier's buyback price.

APA, Harvard, Vancouver, ISO, and other styles

23

Berezinets, Irina V., Nikolay A. Zenkevich, Alina S. Rucheva, and Natalia K. Nikolchenko. "Do the buyback contracts of undistributed stocks coordinate the supply chain?" Vestnik of Saint Petersburg University. Management 19, no. 4 (2020): 461–92. http://dx.doi.org/10.21638/11701/spbu08.2020.403.

Full text

Abstract:

The concept of supply chain coordination implies that it is possible to obtain an optimal result for both independent chain participants and supply chain due to participants’ coordinated actions. This paper examines the question whether a buyback contract will be coordinating or not. The authors argue that a coordinating buyback contract should have the following substantive properties: practical feasibility, collective and individual rationality. The paper off ers a mathematical defi nition of a coordinating buyback contract which highlights these properties. Entering into buyback contract process is considered as a two-step game of two players (a supplier and retailer) on the assumption that the players are risk neutral and make decisions with full information available, the market price is fixed, and the product demand is a random variable. The authors demonstrate that the buyback contract does not coordinate the chain, however, there has been obtained a non-empty set of eff ective contracts depending on the buyback price. For such contracts, the defi nition of “conditional coordination” is given to introduce the property of a supplier’s partial rationality; its existence was proved. The findings reveal that the choice of buyback price affects the allocation of profits between chain participants so the decision on its choice must be cooperative. To substantiate the nature of cooperative choice of conditionally coordinating contracts, the asymmetric Nash solution is considered. All results were obtained both in general terms and under the assumption that the product demand has uniform distribution. For the latter case, the conditionally coordinating contract parameters were found and it was justified that the conclusion of such a contract is possible only when a supplier has greater bargain power than a retailer.

APA, Harvard, Vancouver, ISO, and other styles

24

Kawase, Yasushi, Xin Han, and Kazuhisa Makino. "Unit Cost Buyback Problem." Theory of Computing Systems 63, no. 6 (November 29, 2018): 1185–206. http://dx.doi.org/10.1007/s00224-018-9897-7.

Full text

APA, Harvard, Vancouver, ISO, and other styles

25

AINSWORTH, SUSAN, and ANN THAYER. "DUPONT $8.8 BILLION BUYBACK." Chemical & Engineering News 73, no. 16 (April 17, 1995): 6–7. http://dx.doi.org/10.1021/cen-v073n016.p006.

Full text

APA, Harvard, Vancouver, ISO, and other styles

26

Kahle, Kathleen M. "When a buyback isn’t a buyback: open market repurchases and employee options." Journal of Financial Economics 63, no. 2 (February 2002): 235–61. http://dx.doi.org/10.1016/s0304-405x(01)00095-2.

Full text

APA, Harvard, Vancouver, ISO, and other styles

27

Albaity, Mohamed, and Diana Syafiza Said. "Impact of Open-Market Share Repurchases on Long-Term Stock Returns." SAGE Open 6, no. 4 (October 2016): 215824401667019. http://dx.doi.org/10.1177/2158244016670199.

Full text

Abstract:

After the Asian financial crisis in 1997, firms listed on Bursa Malaysia were allowed to repurchase their shares on the open market. The number of companies engaged in share buyback is increasing and has become a tool to stabilize price by signaling undervaluation of the share. However, studies on share buyback in Malaysia are limited to the price performance surrounding the buyback events. This study aims to fill this gap by examining long-run price performance after the actual share buyback event over a sampling period of 2 years from 2009 to 2010 for Malaysian firms listed on FTSE Bursa Malaysia. There is no evidence to conclude that there exist long-term abnormal returns using the calendar-time portfolio approach that support the inefficient market hypothesis. On the contrary, buy-and-hold method was found to be significant supporting that the Malaysian stock market is semi-strong efficient.

APA, Harvard, Vancouver, ISO, and other styles

28

Zein, Qonita, and Taufiq Akbar. "PENGARUH PENGUMUMAN STOCK BUYBACK TERHADAP REAKSI PASAR PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2016-2019." JURNAL AKUNTANSI : TRANSPARANSI DAN AKUNTABILITAS 8, no. 2 (October 21, 2020): 145–53. http://dx.doi.org/10.35508/jak.v8i2.3645.

Full text

Abstract:

ABSTRAK Penelitian ini bertujuan untuk menganalisis pengaruh pengumuman pembelian kembali (buyback) saham terhadap reaksi pasar pada perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2016-2019. Penelitian ini terdiri dari 32 sampel perusahaan dari seluruh sektor yang terdaftar di Bursa Efek Indonesia (BEI) dan melakukan pengumuman pembelian kembali (buyback) saham. Data yang digunakan dalam penelitian ini adalah data sekunder berupa harga saham dan volume perdagangan saham dan metode pemilihan sampel menggunakan metode purposive sampling. Metode analisis yang digunakan dalam penelitian ini yaitu event study. Teknik analisis data yang digunakan untuk penelitian ini adalah uji normalitas yaitu Kolmogrov-Smirnov, dilanjutkan dengan uji paired sample t-test untuk hipotesis 1 dan hipotesis 2 dengan tingkat signifikansi 0,05. Hasil penelitian ini menunjukkan bahwa terdapat pengaruh signifikan terhadap variabel average abnormal return, namun tidak terdapat pengaruh signifikan terhadap variabel average trading volume activity sebelum dan setelah pengumuman pembelian kembali (buyback) saham. Kata kunci: Buyback, Abnormal Return, Trading Volume Activity.

APA, Harvard, Vancouver, ISO, and other styles

29

Holland, Daniel S., Erin Steiner, and Amanda Warlick. "Can vessel buybacks pay off: An evaluation of an industry funded fishing vessel buyback." Marine Policy 82 (August 2017): 8–15. http://dx.doi.org/10.1016/j.marpol.2017.05.002.

Full text

APA, Harvard, Vancouver, ISO, and other styles

30

Gambhir, Jitin. "Share Buyback: A Risky Endeavour." Review of Professional Management- A Journal of New Delhi Institute of Management 8, no. 2 (December 1, 2010): 40. http://dx.doi.org/10.20968/rpm/2010/v8/i2/92817.

Full text

APA, Harvard, Vancouver, ISO, and other styles

31

Evgeniou, Theodoros, Enric Junqué de Fortuny, Nick Nassuphis, and Theo Vermaelen. "Volatility and the buyback anomaly." Journal of Corporate Finance 49 (April 2018): 32–53. http://dx.doi.org/10.1016/j.jcorpfin.2017.12.017.

Full text

APA, Harvard, Vancouver, ISO, and other styles

32

Baumann, Laura, Heather Clinton, Rob Berntsson, Susan S. Williams, James C. Rovella, David Shapiro, Shefali Thaker, Kevin Borrup, Garry Lapidus, and Brendan T. Campbell. "Suicide, guns, and buyback programs." Journal of Trauma and Acute Care Surgery 83, no. 6 (December 2017): 1195–99. http://dx.doi.org/10.1097/ta.0000000000001575.

Full text

APA, Harvard, Vancouver, ISO, and other styles

33

Milano, Greg, and Michael Chew. "Save the Buyback, Save Jobs." Journal of Applied Corporate Finance 31, no. 1 (March 2019): 126–28. http://dx.doi.org/10.1111/jacf.12334.

Full text

APA, Harvard, Vancouver, ISO, and other styles

34

Pradhan, Subhendu Kumar, R. Kasilingam, Nabanita Khuntia, and Pankaj Inchulkar. "Buyback Effects from Investors Perspective." Research Bulletin 44, no. 4 (January 31, 2019): 1. http://dx.doi.org/10.33516/rb.v44i4.1-11p.

Full text

APA, Harvard, Vancouver, ISO, and other styles

35

Gitayuda, M. Boy Singgih. "Analisis Buyback Saham Tanpa Rapat Umum Pemegang Saham di PT. Aneka Tambang (Studi Pada Surat Edaran Nomor 3/SEOJK.04/2020)." AKUNTABILITAS: Jurnal Ilmiah Ilmu-Ilmu Ekonomi 14, no. 1 (June 24, 2021): 9–21. http://dx.doi.org/10.35457/akuntabilitas.v14i1.1429.

Full text

Abstract:

In early 2020, stock trading in Indonesia was under significant pressure, as indicated by the decline in the IHSG. This is due to the pressure and global economic slowdown due to the Covid-19 pandemic and weakening world oil prices. The purpose of this study was to find out how the effect of share buyback announcements without the RUPS on the response to the market at PT. Aneka Tambang Tbk. based on Surat Edaran OJK Nomor 3/SEOJK.04/2020. This research is structured with a quantitative method with a descriptive approach using secondary data types obtained from finance.yahoo.com and other relevant sources. This study will assess whether a significant difference is found before the announcement of the stock buyback and afterwards on the return, abnormal return, and trading volume activity of the stock. The results of the study stated that there was no significant difference before and after the announcement of the stock buyback on the return and abnormal return at PT. Aneka Tambang Tbk. However, a significant difference was found in the trading volume activity (TVA) before the announcement of the share buyback at PT. Aneka Tambang Tbk. and after.

APA, Harvard, Vancouver, ISO, and other styles

36

Gao, Yang, Meiou Wang, and Qiang Hou. "Supply Chain Buyback Contract Based on the Different Expectations of Market Demand Distribution." International Journal of Information Systems and Supply Chain Management 12, no. 3 (July 2019): 1–20. http://dx.doi.org/10.4018/ijisscm.2019070101.

Full text

Abstract:

Nowadays, the members in a supply chain are seen as an integrity. In order to maximize the supply chain profit, the authors consider a contract of buyback. In this article, they focus on a single manufacturer and a single retailer in the supply chain. In order to match the market demand, a new perspective is introduced into the buyback contract model. By comparing the predicted demand of the manufacturer and the retailer with the real demand, they will obtain four quadrants about the difference of the market demand forecasts. By combining the profit models with different market demand forecasts in the four quadrants, the closed-form optimal market model is created. The solutions of the optimal price and the optimal quantity under the centralized mode, non-contract decentralized mode and buyback contract mode are compared. The authors find that the non-contract decentralized mode model cannot successfully coordinate the supply chain, while the buyback contract mode allows for the coordination of the supply chain and the generation of more profit from the supply chain. From this new perspective of the supply chain contract, a reasonable result can be obtained. Numerical examples are provided to illustrate the results, with analysis conducted on the model.

APA, Harvard, Vancouver, ISO, and other styles

37

Jena, Sarthak Kumar, Chandra Sekhar Mishra, and Prabina Rajib. "Do Indian Companies Manage Earnings Before Share Repurchase?" Global Business Review 21, no. 6 (August 5, 2019): 1427–47. http://dx.doi.org/10.1177/0972150919856993.

Full text

Abstract:

This article aims to detect the opportunistic EM before share buyback and its impact on the short-term and long-term abnormal return. The study also examines the relationship between EM and promoters’ holdings in the company. A sample of 117 companies over 1998–2013 is analyzed in the study. The quality of earnings is measured using discretionary accruals (DAs), and it is calculated by four different methods, that is, the Healy model (1985), DeAngelo model (1986), modified Jones model (1995) and performance-matched model (2005). Cumulative abnormal return (CAR) is calculated for a short-term abnormal return at around 3 days of the share repurchase announcement. Post-buyback buy hold abnormal return (BHAR) for 1 year is calculated for long-term performance. The regression model is used to examine the impact of DA on both CAR and BHAR. The findings of the article show that share buyback companies manage their earnings downward in the previous year of share repurchase than the year of share purchase and the next year of share repurchase. The sample firms deflate their earnings more as compared to matching non-buyback firms. Firms manage their earnings downward before open market share repurchase than the tender offer. There is a significant and negative relationship between abnormal accruals and 1-year buy hold abnormal return post-open market share repurchase. The study further observed that there is a negative relationship between promoters’ holdings and EM. The study is constrained by the small sample size, so the results should be viewed by keeping these limitations in mind. The article is the first study on the detection of the opportunistic EM before buyback and examination of the relationship between the earnings quality and abnormal return in the Indian context.

APA, Harvard, Vancouver, ISO, and other styles

38

Jena, Sarthak Kumar, Chandra Sekhar Mishra, and Prabina Rajib. "Share Repurchases: A Literature Review." Asian Journal of Finance & Accounting 8, no. 2 (August 11, 2016): 1. http://dx.doi.org/10.5296/ajfa.v8i2.9759.

Full text

Abstract:

<p>Share repurchases evolved as an alternative method of payout and a corporate finance tool in 1950 in the USA. From 1980 to 2000 it has achieved a significant growth as compared to dividend payment by companies. Then, share repurchase is gradually spread to other countries like UK, Canada, etc. Pertinent to its growing importance, over the years an enormous literature has emerged that deals with many facets of share repurchase. This article classifies and organizes literature in relations to the established hypotheses, determinants affecting share repurchase decisions, the effect of share repurchase on liquidity and earning management around share repurchase. In additions to the above, this article also analyses the regulatory framework of Indian buyback starting from 1998. It gives a brief view of sections of old Companies Act (1956) and new Companies Act (2013) dealing with buyback. This article also provides a snapshot of SEBI buyback regulations, 1998 and also accommodates all the amendments.</p>

APA, Harvard, Vancouver, ISO, and other styles

39

Roncagliolo, Elisa. "Managerial discretion in authorising open market share repurchases: empirical evidence from the Italian context." FINANCIAL REPORTING, no. 2 (April 2016): 95–116. http://dx.doi.org/10.3280/fr2015-002004.

Full text

Abstract:

This paper contributes to existing literature on open market share repurchases in Italy by studying authorisations that the board of directors needs to obtain from the shareholders' general meeting in order to acquire company's own shares. In such a context, I investigate whether the buyback purpose that managers disclose in their report affects number of shares to be repurchased. Particularly, since managers could potentially benefit from share repurchase programmes carried out in the presence of stock option plans, I explore whether this motivation influences the number of shares they require to include in the buyback programme. In pursuit of my objectives, I analyse reports managers provide shareholders' meeting to obtain the authorisation to acquire company's own shares over a 6-year period (2004-2009) in Italian listed companies. Main results suggest that the buyback motivation affects number of shares managers intend repurchasing, highlighting the role of the quality of the board of directors in this issue.

APA, Harvard, Vancouver, ISO, and other styles

40

Doganoglu, Toker, and Firat Inceoglu. "Buyback contracts to solve upstream opportunism." European Journal of Operational Research 287, no. 3 (December 2020): 875–84. http://dx.doi.org/10.1016/j.ejor.2020.05.021.

Full text

APA, Harvard, Vancouver, ISO, and other styles

41

Andreou, Panayiotis C., Ilan Cooper, Ignacio Garcia de Olalla Lopez, and Christodoulos Louca. "Managerial overconfidence and the buyback anomaly." Journal of Empirical Finance 49 (December 2018): 142–56. http://dx.doi.org/10.1016/j.jempfin.2018.09.005.

Full text

APA, Harvard, Vancouver, ISO, and other styles

42

Liu, Jean Y., Julie S. Franklin, Frank A. Gesek, and Joseph C. Anderson. "Buyback Program of Unused Prescription Opioids in US Rural Communities, 2017–2018." American Journal of Public Health 110, no. 9 (September 2020): 1318–24. http://dx.doi.org/10.2105/ajph.2020.305730.

Full text

Abstract:

Objective. To implement an opioid buyback program after ambulatory surgery. Methods. We performed a prospective cohort study of 578 opioid-naïve patients prescribed opioids after ambulatory surgery at a rural US Veterans Affairs (VA) hospital from 2017 to 2018. We reimbursed $5 per unused opioid pill ($50 limit) returned to our VA for proper disposal. We tracked the number of participants, number of unused opioid pills returned, surgeon prescribing, and refill requests. Results. Out of 578 eligible patients, 171 (29.6%) returned 2136.5 unused opioid pills. Information shared with surgeons after 6 months led to a 27% decrease in opioid prescribing without an increase in refills. Conclusions. With this opioid buyback program, rural patients had a safe and convenient place to dispose of unused opioids. Surgeons used information about returns to adjust opioid prescribing after common ambulatory surgeries without an increase in refill requests. Public Health Implications. Although providers prescribe within state opioid guidelines, there will be variations in patient use after ambulatory surgery. An opioid buyback program helped our patients and surgeons decrease unused prescription opioids available for diversion in our rural communities.

APA, Harvard, Vancouver, ISO, and other styles

43

Liu, Wei, Han Zhao, Shiji Song, Wenxuan He, and Xiaochen Li. "Coping with Loss Aversion and Risk Management in the Supply Chain Coordination." Sustainability 13, no. 8 (April 14, 2021): 4364. http://dx.doi.org/10.3390/su13084364.

Full text

Abstract:

In this paper, we apply a combined revenue sharing and buyback contract to investigate the channel coordination of a two-echelon supply chain with a loss-averse retailer. Since loss-averse decision makers usually take on more risks, the Conditional Value-at-Risk (CVaR) measure is introduced to hedge against it and the retailer’s objective is to maximize the CVaR of utility. We obtain the retailer’s optimal order quantity under the combined contract. It is shown that there is a unique wholesale price coordinating the supply chain if the retailer’s confidence level is less than a threshold that is independent of contract parameters. Moreover, a complete sensitivity analysis of parameters is carried out. In particular, the retailer’s optimal order quantity and coordinating wholesale price decreases as the loss aversion or confidence level increases, while it increase as the buyback price or sharing coefficient increases. Furthermore, there exists the situation where the combined contract can coordinate the chain even though neither the revenue sharing nor buyback contract can when the contract parameters are constrained.

APA, Harvard, Vancouver, ISO, and other styles

44

Pandey, Asheesh, Vandana Bhama, and Amiya Kumar Mohapatra. "Trading strategy using share buybacks: evidence from India." Investment Management and Financial Innovations 17, no. 2 (June 15, 2020): 169–82. http://dx.doi.org/10.21511/imfi.17(2).2020.14.

Full text

Abstract:

The efficient market hypothesis states that in the efficient markets, participants cannot make extra-normal returns by exploiting any publicly available information. However, traders are constantly looking to exploit publicly available information to generate abnormal returns for themselves and their clients. One such event is share buyback announcement, which traders can utilize to create profitable trading strategies. The authors undertake the present study to examine if share buyback announcements provide profitable trading strategies to traders. Event study methodology has been adopted to analyze buyback announcements by Indian companies from January 2012 to December 2018. Forty-one (41) day window period comprising of 20 days pre-event, an announcement day, and 20 days post-event period is created to analyze the risk-adjusted average abnormal returns. The empirical findings suggest that there are negligible trading opportunities available for investors post announcements. However, significant risk-adjusted returns are found in the pre-event window, indicating that if investors can predict buyback announcements, they may earn extra-normal returns. The study confirms that Indian stock markets are in the semi-strong form of efficiency. The study also provides a profitable trading strategy for investors in the pre-event window. Finally, it also draws the regulators’ attention to see if insider trading could be the reason for abnormal returns in the pre-event window. The authors conclude the results by confirming that Indian markets are semi-strong in market efficiency and by indicating regulatory interventions to control insider trading. AcknowledgementThe infrastructural support provided by FORE School of Management, New Delhi in completing this paper is gratefully acknowledged.

APA, Harvard, Vancouver, ISO, and other styles

45

Alberto, José Guilherme Chaves, and Henrique Cordeiro Martins. "Efeito da Governança Corporativa nos Retornos das Ações em Decorrência do Anúncio da Recompra." Contabilidade Gestão e Governança 23, no. 3 (December 21, 2020): 294. http://dx.doi.org/10.51341/1984-3925_2020v23n3a1.

Full text

Abstract:

Objective: The objective of this study is to analyze whether or not the stock prices of companies respond to the announcement of the share buyback and what are the possible influences that the adoption of stricter corporate governance practices may have on the results.Method: A quantitative research was carried out on 329 public share buyback announcements, carried out by 99 companies, from 2003 to 2014. The quantitative part of this study used the ex-post-facto research technique, with data secondary and event study work methods.Originality/Relevance: The increase in cash distribution by companies through the repurchase of shares, the evidence of an abnormal return on shares as a result of the repurchase and whether or not the adoption of better corporate governance practices reduce information asymmetry in the market, has led researchers to analyze whether or not there is a relationship between the level of governance and the return on shares as a result of the announcement of the share buyback event.Results: The results indicate that there is evidence of an abnormal return in the Brazilian market before, during and after the announcement of the share buyback event. Regarding the adoption of corporate governance practices used by companies, no evidence was found that the adoption of stricter corporate governance practices reduces asymmetry.Theoretical/Methodological contributions: The research contributes to the discussion of the theme in the Brazilian stock market and to broaden the discussion in the literature if the adoption of best corporate governance practices reduces the asymmetry.

APA, Harvard, Vancouver, ISO, and other styles

46

Yu, Li Ping, Cong Wang, and Xiang Yuang Li. "Metal Industry Supply Chain Buyback Contract Coordination and Income Distribution Based on Trade Credit." Advanced Materials Research 889-890 (February 2014): 1503–6. http://dx.doi.org/10.4028/www.scientific.net/amr.889-890.1503.

Full text

Abstract:

This paper considers a metal industry supply chain consisting of one supplier and one retailer. When the supplier offers the trade credit to the retailer, their target profit and the supply chains profit will change. We develop the metal industry supply chains trade credit-based buyback contract model and analyze the buyback based on trade credits mechanism for improving the entire metal industry supply chain operational performance and for distributing the profit. We also derive the optimal contract parameters for the metal industry supply chain coordination and the conditions for profits rational allocation. Finally, a numerical example illustrates the conclusions.

APA, Harvard, Vancouver, ISO, and other styles

47

Kirkley, James E., John Walden, and James Waters. "Buyback Programs: Goals, Objectives, and Industry Restructuring in Fisheries." Journal of Agricultural and Applied Economics 36, no. 2 (August 2004): 333–45. http://dx.doi.org/10.1017/s1074070800026626.

Full text

Abstract:

National Oceanic and Atmospheric Administration Fisheries has conducted several buyback programs to reduce harvesting capacity in fisheries. These programs have attempted to maximize capacity reduction given a fixed budget. However, restructuring issues have not been considered. We explore the possibility of satisfying three different buyback objectives. We examine the black sea bass trap fishery and determine the number of vessels given different allowable catch levels and objectives of maximizing technical efficiency, capacity utilization, and vessels in the fishery. We find considerable variation in the number of vessels allowed to remain in the fishery given the different objectives.

APA, Harvard, Vancouver, ISO, and other styles

48

Hettiarachchi, Hiroshan, Jay Meegoda, and Sohyeon Ryu. "Organic Waste Buyback as a Viable Method to Enhance Sustainable Municipal Solid Waste Management in Developing Countries." International Journal of Environmental Research and Public Health 15, no. 11 (November 7, 2018): 2483. http://dx.doi.org/10.3390/ijerph15112483.

Full text

Abstract:

Many developing countries have inadequate Municipal Solid Waste (MSW) management systems due to lack of not only the awareness, technologies, finances, but also a proper governance that is able to enforce and monitor the regulations. Not all the solutions practiced by and in developed countries fit to the developing country contexts. The local conditions and limitations must always be taken into account when proposing waste management options for developing countries. The excessively high organic waste fraction in MSW and relatively inexpensive labor markets available in developing countries are two of the strengths that have not yet been utilized fully. This manuscript is an attempt to point out the benefits we receive from the above two strengths if we establish organic waste buyback programs. This can only become successful if we find solutions to: (1) collect source-separated organic waste, and then (2) find stable markets for the products made from organic waste. Compost or biogas could be the best bet developing countries can consider as products. However, there must be some policy interventions to support buyback programs at the waste collection stage as well as at the product marketing stage. Implementation of such organic waste buyback centers that can offer some incentives can indirectly motivate residents to do source separation. This will in turn also help promote more recycling, as any waste bin that has no organics in it is much easier for anyone (e.g., waste pickers) to look for other recyclables. Developing country settings such as the Green Container composting program in Cajicá, Colombia, and buyback centers in South Africa that are presented later in the manuscript are thought to be the places where the concept can be implemented with little effort. The environment, economy, and society are considered to be the three dimensions (or pillars) of sustainability. Interestingly, the organic waste buyback centers solution has positive implications on all three aspects of sustainability. Thus, it also supports the 2030 Agenda of the United Nations (UN), by making specific contributions to the Sustainable Development Goals (SDGs) such as zero hunger (SDG 2), affordable and clean energy (SDG 7), climate action (SDG 13), clean water and sanitation (SDG 6), and sustainable cities and communities (SDG 11).

APA, Harvard, Vancouver, ISO, and other styles

49

Haidah, Neng. "NORMA HUKUM EKONOMI SYARIAH DALAM PELAKSANAAN BUYBACK TABUNGAN EMAS DI PEGADAIAN SYARIAH CABANG MAJALAYA." ADLIYA: Jurnal Hukum dan Kemanusiaan 12, no. 2 (April 12, 2019): 141–62. http://dx.doi.org/10.15575/adliya.v12i2.4495.

Full text

Abstract:

AbstrakTabungan Emas merupakan salah satu produk dari pegadaian syariah Cabang Majalaya. Produk ini adalah layanan jual beli emas dan titipan yang dilakukan oleh pemilik rekening kepada pegadaian syariah. Hanya dengan minimal pembelian emas sebesar lima ribu rupiah atau enam ribu rupiah, masyarakat bisa memiliki emas seberat 0,01 gr, yang secara otomatis langsung dititipkan kepada pihak pegadaian sampai berat gram emas mencukupi untuk dicetak dengan minimal 1 gr dan sampai nasabah meminta untuk diambil emas secara fisik. Apabila nasabah membutuhkan dana, emas tersebut bisa dicairkan berupa uang tunai dengan cara sistem buyback (pembelian kembali saldo emas yang dimiliki nasabah oleh pegadaian syariah), namun pemilik rekening belum pernah melihat emas miliknya secara fisik. Disimpulkan bahwa pelaksanaan layanan jual beli dan titip emas dalam tabungan emas ini menggunakan akad murabahah dan wadiah. Selain itu, sistem buyback (pembelian kembali), dilihat dari segi hukum ekonomi syariah awalnya tidak diperbolehkan karena cacat akan rukun akadnya yaitu obyek belum pernah dilihat oleh pemilik emas secara fisik. Akan tetapi demi kemaslahatan bersama, maka diperbolehkan dengan mengetahui nominal emas yang terdapat dalam buku rekening nasabah sebagai bukti kepemilikan emas, dan kedua belah pihak telah sepakat dengan menandatangani kontrak pada awal perjanjian.Kata Kunci: Emas, Akad, Buyback

APA, Harvard, Vancouver, ISO, and other styles

50

Seal, Jayanta Kumar, and Jasbir Singh Matharu. "Long-Term Performance of Buybacks in India." Global Business Review 19, no. 6 (September 3, 2018): 1554–66. http://dx.doi.org/10.1177/0972150918794737.

Full text

Abstract:

This study tries to find out the post-announcement performance of the buyback firms over the long term in India using data from the Bombay Stock Exchange (BSE). We have chosen the event study methodology and compared the performance for a one-year, a three-year, and a five-year period. The benchmarks chosen are the Sensex, the BSE 500, the size matched firms and the size and industry matched firms. The findings of the study show overperformance by buyback firms when compared to the Sensex and the BSE 500 but no conclusion can be drawn when compared to the size matched firms and size and industry matched firms.

APA, Harvard, Vancouver, ISO, and other styles

Journal articles on the topic 'Buyback'

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles