Buyback Dynamics and Risk
The ratio of net buyback to dividend reflects a company's cash flow sensitivity to business cycles, with assets dominated by buybacks having a positive premium due to their higher risk in hedging against consumption and wealth changes.
Featured in No. 59 on 31 Jul 2024 ·
- Released
- 3 Jan 2023
- First featured
- No. 59 · 31 Jul 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4905774
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).