The performance of the companies which repurchase their shares

Research Project

Project/Area Number	15K13037
Research Category	Grant-in-Aid for Challenging Exploratory Research
Allocation Type	Multi-year Fund
Research Field	Management
Research Institution	Yamaguchi University
Principal Investigator	yanagida takuji 山口大学, 経済学部, 准教授 (10303041)
Project Period (FY)	2015-04-01 – 2018-03-31
Project Status	Completed (Fiscal Year 2017)
Budget Amount *help	¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000) Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywords	自己株式
Outline of Final Research Achievements	The purpose of this study is to examine the relationship between the acquisition of own share and the performance (profitability and growth). Profitability is measured by the rate of return on assets. Growth is measured by a growth rate of sales. We use analysis of variance (ANOVA). The results suggest that strategy of treasury stock affected the growth, but did not affect the profitability.

Report

(4 results)