| Project/Area Number |
15H06793
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Money/ Finance
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| Research Institution | Kyushu Sangyo University |
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Principal Investigator |
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| Research Collaborator |
OTA Koji 関西大学, 商学部, 教授
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| Project Period (FY) |
2015-08-28 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Fiscal Year 2016: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Keywords | 自社株買い / 経営者予想 / ディスクロージャー / 自社株買いの買付動機 / 戦略的ディスクロージャー / コーポレート・ファイナンス / ペイアウト / 自己株式の取得 / 市場内買付 / 買付動機 |
|---|
| Outline of Final Research Achievements |
We focus on purposes of share repurchases. Especially, when managers must disclose bad news falling in stock prices, we examine whether they do share repurchase rising stock prices for offsetting bad news. Generally, it is well known that managers do share repurchase because of ROE improvement or shareholder returns, but we find another purpose for offsetting bad news. We try to publish as soon as possible, after giving attention to detail of our research and robustness.
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