股票回購
外觀
股份回購是指公司重新收購自己的股份。[1]相對於股息,它代表了一種更靈活的向股東返還資金的方式[2]。在大多數國家,公司可以通過向現有股東返還現金來回購自己的股票,以換取公司的一部分流通股。
股票回購後股價走勢
[編輯]股票回購可以減少流通股數量,一般會帶來股價上漲。
積極回購的行動也是2024年美股科技股持續飆漲的原因之一。例如蘋果宣佈1100億美元股票回購,Google母公司Alphabet推出700億美元回購計劃,Meta也推出了500億美元的回購計劃。[3]
參考文獻
[編輯]- ^ Share Repurchase Definition. Investopedia. [2021-04-29]. (原始內容存檔於2021-05-03).
- ^ Fernandes, Nuno. Finance for executives: a practical guide for managers. NPV Publishing. 2014. ISBN 978-989-98854-0-0. OCLC 878598064.
- ^ 股票回購窗口期本週關閉!美股危險了?.
更多閱讀
[編輯]- Andriosopoulos, Dimitris, and Meziane Lasfer. "The market valuation of share repurchases in Europe". Journal of Banking & Finance 55 (2015): 327–339. online (頁面存檔備份,存於互聯網檔案館)
- Jun, Sang-gyung, Mookwon Jung, and Ralph A. Walkling. "Share repurchase, executive options and wealth changes to stockholders and bondholders". Journal of Corporate Finance 15.2 (2009): 212–229.
- Schumpeter, "Six muddles about share buy-backs: Stock repurchases by American firms are on the rise. So is the confusion surrounding them". The Economist 31 May 2018 (頁面存檔備份,存於互聯網檔案館).
- Wesson, N., B. W. Bruwer, and W. D. Hamman. "Share repurchase and dividend payout behaviour: The South African experience". South African Journal of Business Management 46.3 (2015): 43–54.