The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia

The purpose of this study is to examine the relationship between different frequency of share repurchase program and firm financial characteristic in Malaysia. The number of Malaysia firms buying back their own shares on the open market has been increasing since 1997 subsequent to the Asian Financia...

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Main Author: Izzatulamal, Sabarani
Format: Thesis
Language:English
English
Published: 2014
Subjects:
Online Access:https://etd.uum.edu.my/4066/1/s813313.pdf
https://etd.uum.edu.my/4066/2/s813313_abstract.pdf
https://etd.uum.edu.my/4066/
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spelling my.uum.etd.40662022-05-23T01:49:50Z https://etd.uum.edu.my/4066/ The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia Izzatulamal, Sabarani HG Finance The purpose of this study is to examine the relationship between different frequency of share repurchase program and firm financial characteristic in Malaysia. The number of Malaysia firms buying back their own shares on the open market has been increasing since 1997 subsequent to the Asian Financial crisis. This study fills the gap by examining the relevant determinants of the firm financial characteristics that may lead to the different frequency of share buyback of a company. Infrequency share buyback firms engage in between (1-3 programs) while frequent buyback firms are categorized as having engaged in between (4-5 programs). The findings of this study showed that market to book value and earnings per share are the variables that affect share repurchase frequently significantly. This study contributed to the understanding of the scant literature of frequency on share buyback in Malaysia. This study also contributes to the explanation of the signalling hypothesis regarding the buyback frequency program explained by the findings. 2014 Thesis NonPeerReviewed text en https://etd.uum.edu.my/4066/1/s813313.pdf text en https://etd.uum.edu.my/4066/2/s813313_abstract.pdf Izzatulamal, Sabarani (2014) The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Izzatulamal, Sabarani
The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia
description The purpose of this study is to examine the relationship between different frequency of share repurchase program and firm financial characteristic in Malaysia. The number of Malaysia firms buying back their own shares on the open market has been increasing since 1997 subsequent to the Asian Financial crisis. This study fills the gap by examining the relevant determinants of the firm financial characteristics that may lead to the different frequency of share buyback of a company. Infrequency share buyback firms engage in between (1-3 programs) while frequent buyback firms are categorized as having engaged in between (4-5 programs). The findings of this study showed that market to book value and earnings per share are the variables that affect share repurchase frequently significantly. This study contributed to the understanding of the scant literature of frequency on share buyback in Malaysia. This study also contributes to the explanation of the signalling hypothesis regarding the buyback frequency program explained by the findings.
format Thesis
author Izzatulamal, Sabarani
author_facet Izzatulamal, Sabarani
author_sort Izzatulamal, Sabarani
title The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia
title_short The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia
title_full The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia
title_fullStr The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia
title_full_unstemmed The relationship between share repurchase frequency and firms financial characteristics: A study in Malaysia
title_sort relationship between share repurchase frequency and firms financial characteristics: a study in malaysia
publishDate 2014
url https://etd.uum.edu.my/4066/1/s813313.pdf
https://etd.uum.edu.my/4066/2/s813313_abstract.pdf
https://etd.uum.edu.my/4066/
_version_ 1734302329915572224
score 13.222552