Evidence of the effects of intangibles on share repurchases in the U.S

Detalhes bibliográficos
Autor(a) principal: Cruz, André Jorge Candeias da
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/143224
Resumo: This paper analyzes a panel dataset of all nonfinancial, non-utilities firms reporting in US Dollars on Compustat during the time period between 1950-2021and with Total Market Capitalization greater than USD 50 million(current values). Comparing the regression coefficients’ statistical significance and values of one general sample of observations with two subsamples, divided according the top 25% percentile of criteria variables proxying intangible intensity, it is concluded that intangible-intensive firms are prone to conduct share repurchases due to its flexibility versus dividends, counteracting thus the volatile nature of their earnings generation.
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spelling Evidence of the effects of intangibles on share repurchases in the U.SR&DCorporate financePayout policyShare repurchasesIntangiblesDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper analyzes a panel dataset of all nonfinancial, non-utilities firms reporting in US Dollars on Compustat during the time period between 1950-2021and with Total Market Capitalization greater than USD 50 million(current values). Comparing the regression coefficients’ statistical significance and values of one general sample of observations with two subsamples, divided according the top 25% percentile of criteria variables proxying intangible intensity, it is concluded that intangible-intensive firms are prone to conduct share repurchases due to its flexibility versus dividends, counteracting thus the volatile nature of their earnings generation.Gavrilova, EkaterinaRUNCruz, André Jorge Candeias da2022-08-24T09:02:46Z2022-06-022022-06-022022-06-02T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/143224TID:203050436enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:21:26Zoai:run.unl.pt:10362/143224Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:46.230755Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Evidence of the effects of intangibles on share repurchases in the U.S
title Evidence of the effects of intangibles on share repurchases in the U.S
spellingShingle Evidence of the effects of intangibles on share repurchases in the U.S
Cruz, André Jorge Candeias da
R&D
Corporate finance
Payout policy
Share repurchases
Intangibles
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Evidence of the effects of intangibles on share repurchases in the U.S
title_full Evidence of the effects of intangibles on share repurchases in the U.S
title_fullStr Evidence of the effects of intangibles on share repurchases in the U.S
title_full_unstemmed Evidence of the effects of intangibles on share repurchases in the U.S
title_sort Evidence of the effects of intangibles on share repurchases in the U.S
author Cruz, André Jorge Candeias da
author_facet Cruz, André Jorge Candeias da
author_role author
dc.contributor.none.fl_str_mv Gavrilova, Ekaterina
RUN
dc.contributor.author.fl_str_mv Cruz, André Jorge Candeias da
dc.subject.por.fl_str_mv R&D
Corporate finance
Payout policy
Share repurchases
Intangibles
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic R&D
Corporate finance
Payout policy
Share repurchases
Intangibles
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper analyzes a panel dataset of all nonfinancial, non-utilities firms reporting in US Dollars on Compustat during the time period between 1950-2021and with Total Market Capitalization greater than USD 50 million(current values). Comparing the regression coefficients’ statistical significance and values of one general sample of observations with two subsamples, divided according the top 25% percentile of criteria variables proxying intangible intensity, it is concluded that intangible-intensive firms are prone to conduct share repurchases due to its flexibility versus dividends, counteracting thus the volatile nature of their earnings generation.
publishDate 2022
dc.date.none.fl_str_mv 2022-08-24T09:02:46Z
2022-06-02
2022-06-02
2022-06-02T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/143224
TID:203050436
url http://hdl.handle.net/10362/143224
identifier_str_mv TID:203050436
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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