Payout policy trade-offs and the rise of 10b5-1 preset repurchase plans

Alice Bonaimé, Jarrad Harford, David Moore

Research output: Contribution to journalArticlepeer-review

Original languageEnglish
Pages (from-to)2762-2786
Number of pages25
JournalManagement Science
Volume66
Issue number6
DOIs
StatePublished - Jan 29 2020

ASJC Scopus Subject Areas

  • Strategy and Management
  • Management Science and Operations Research

Keywords

  • Accelerated share repurchase
  • Announcement returns
  • Blackout windows
  • Dividend substitution
  • Financial crisis
  • Financial flexibility
  • Payout policy
  • Preset trading plan
  • Repurchase plan completion rates
  • Rule 10b5-1
  • Share buyback
  • Share repurchase

Cite this