International Journal of Research in Social Sciences
  • Year: 2018
  • Volume: 8
  • Issue: 10

Impact of Share Buyback on Economic Value Added: A Study of Select Indian Companies

  • Author:
  • Payel Chatterjee1, Debdas Rakshit2
  • Total Page Count: 11
  • Page Number: 274 to 284

1Trainee Teaching Associate, Finance & Control, Indian Institute of Management, Kolkata, West Bengal, India

2Professor, Department of Commerce, The University of Burdwan, Bardhhaman, West Bengal, India

Online published on 2 September, 2019.

Abstract

Unlike most studies, concentrating on impact of share buyback on stock prices, here we examine the effect of companies share buyback on their operating performances through EVA. The study period extends from 1st April, 2009 to 31st March, 2017 i.e. post financial crisis period. So data base of all probable buyback announcement of BSE listed companies are considered from 1st April, 2011 to 31st March 2014 for pre and post buyback analysis.

Keywords

Economic Value Added (EVA), Operating performance, Share buyback,