000			02001nam a2200205 4500
999			_c49733 _d49733
003			OSt
005			20180508174144.0
008			180508b ||||| |||| 00| 0 eng d
100			_aAnwar, S. _931398
245			_aManagements' View on Shares Repurchase: An Indian Survey
300			_a 44-66.p.
520			_aShares repurchase has become an increasingly common emerging instrument of corporate payout policy around the world. In fact, significant 'announcement effects' have been reported upon their announcements. Apart from the instant market reaction, it is necessary to understand the fundamental and the psychological factors behind the shares repurchase announcements. Hence, it becomes imperative to understand the driving forces behind and the motivations/ perceptions of the management announcing these decisions. The literature review indicates that, in India, no comprehensive survey has been undertaken in the past on the managerial views and motives subsequent to shares repurchase in Indian context. This paper is a modest attempt to fill these research gaps, amongst others. The objective of the paper is to gauge/understand the viewpoint of the Indian finance managers (of BSE 500 index firms) in respect of the announcement of shares repurchase using a survey approach (structured questionnaire). A substantial majority of the Indian finance managers believe that shares repurchase enables investors to express confidence in the firm and is an attractive means of obtaining a sound capital structure. They strongly support the undervaluation hypothesis as the shares repurchase are considered the 'news bulletin' of the conviction of the management regarding the undervaluation of shares.
653			_aCapital structure
653			_aCapital structure;
653			_aPrice stabilization;
653			_aSecurities buybacks
700			_aSingh, S _931399
773	0		_030413 _970146 _aMURTHY, E N _dIUP PUBLICATION HYDERABAD _o5558570 _tAPPLIED FINANCE
942			_2ddc _cJA-ARTICLE