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Information Content, Signalling Hypothesis and Share Repurchase Programs in Poland

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  • Elzbieta Wronska-Bukalska

    (Maria Curie-Sklodowska University, Poland)

Abstract

The article aims to present the meaning of the share repurchase programs and to identify the reasons of share repurchase and information share repurchase convey to investors. The information comprises the following: signalling better financial prospects or signalling intrinsic value. The article analyses selected statistical data on the listed companies that repurchased their shares. Having carried out research for the selected listed companies, I found that companies are not willing to disclose the reasons for share repurchases. However, if they reveal the reason it is not only cash transfer to shareholders.

Suggested Citation

  • Elzbieta Wronska-Bukalska, 2014. "Information Content, Signalling Hypothesis and Share Repurchase Programs in Poland," Management, University of Primorska, Faculty of Management Koper, vol. 9(3), pages 173-185.
    • Handle: RePEc:mgt:youmng:v:9:y:2014:i:3:p:173-185
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    References listed on IDEAS

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