Evidence of the effects of intangibles on share repurchases in the U.S
Autor(a) principal: | |
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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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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 |
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openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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