*Assistant Professor and Head, Department of Commerce, ASSM College, Mukandpur, Constituent College of GNDU, Amritsar, SBS Nagar, Punjab-144507, India.
Online published on 29 September, 2017.
Buying back its own shares has become the buzzword. Several reasons are stated by the companies for the buybacks. Several studies have been conducted to find out the rationale and the impact of share buybacks on the stock prices. This paper reviews the literature on signaling/undervaluation hypothesis of share buy-back announcements which has emerged as the predominant motivation behind the announcement of share buybacks.
