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The Effects of Earnings on Share Repurchase: Evidence in Malaysia

The aim of this study is to investigate the influence of earnings on share repurchase for firms listed in Bursa Malaysia. The dependent variable in this study is share repurchase while dividend per share, earning per share, and operating income are the proxies to earnings representing the independ...

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Main Authors: Nazaria, Md.Aris, Mohammad Aidid, Aidi, Mohamad, Jais, Razman, Anuar
Format: Article
Language:English
Published: Human Resource Management Academic Research Society 2021
Subjects:
H Social Sciences (General)
HG Finance
LC Special aspects of education
Online Access:http://ir.unimas.my/id/eprint/33846/1/The%20Effects%20of%20Earnings%20on%20Share%20Repurchase%20Evidence%20in%20Malaysia.pdf
http://ir.unimas.my/id/eprint/33846/
http://hrmars.com/index.php/pages/detail/IJARAFMS
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spelling my.unimas.ir.338462021-01-18T01:33:41Z http://ir.unimas.my/id/eprint/33846/ The Effects of Earnings on Share Repurchase: Evidence in Malaysia Nazaria, Md.Aris Mohammad Aidid, Aidi Mohamad, Jais Razman, Anuar H Social Sciences (General) HG Finance LC Special aspects of education The aim of this study is to investigate the influence of earnings on share repurchase for firms listed in Bursa Malaysia. The dependent variable in this study is share repurchase while dividend per share, earning per share, and operating income are the proxies to earnings representing the independent variables. The analysis uses data from the time series for the period of 2014 to 2018 on an annual basis. The information is gathered using secondary data gathered from the Bursa Malaysia Terminal and accessed through the data stream. The results of this study revealed that earning per share and operating income have a significant positive effect on share repurchase. In other words, earning per share reduces the number of outstanding shares in the market while operating income encourages excess income to be spent for share repurchase activity. On the other hand, the dividend per share has an inverse impact on the share repurchase. The findings of this study not only benefit the body of knowledge and current literature but also act as a useful tool for the management and key stakeholders to influence their decisions in conducting share repurchase activity in Malaysia. Human Resource Management Academic Research Society 2021-01-15 Article PeerReviewed text en http://ir.unimas.my/id/eprint/33846/1/The%20Effects%20of%20Earnings%20on%20Share%20Repurchase%20Evidence%20in%20Malaysia.pdf Nazaria, Md.Aris and Mohammad Aidid, Aidi and Mohamad, Jais and Razman, Anuar (2021) The Effects of Earnings on Share Repurchase: Evidence in Malaysia. INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN ACCOUNTING, FINANCE AND MANAGEMENT SCIENCES, 10 (4). pp. 22-39. ISSN 2225-8329 http://hrmars.com/index.php/pages/detail/IJARAFMS 10.6007/IJARAFMS /v10-i4/8160
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
HG Finance
LC Special aspects of education
spellingShingle H Social Sciences (General)
HG Finance
LC Special aspects of education
Nazaria, Md.Aris
Mohammad Aidid, Aidi
Mohamad, Jais
Razman, Anuar
The Effects of Earnings on Share Repurchase: Evidence in Malaysia
description The aim of this study is to investigate the influence of earnings on share repurchase for firms listed in Bursa Malaysia. The dependent variable in this study is share repurchase while dividend per share, earning per share, and operating income are the proxies to earnings representing the independent variables. The analysis uses data from the time series for the period of 2014 to 2018 on an annual basis. The information is gathered using secondary data gathered from the Bursa Malaysia Terminal and accessed through the data stream. The results of this study revealed that earning per share and operating income have a significant positive effect on share repurchase. In other words, earning per share reduces the number of outstanding shares in the market while operating income encourages excess income to be spent for share repurchase activity. On the other hand, the dividend per share has an inverse impact on the share repurchase. The findings of this study not only benefit the body of knowledge and current literature but also act as a useful tool for the management and key stakeholders to influence their decisions in conducting share repurchase activity in Malaysia.
format Article
author Nazaria, Md.Aris
Mohammad Aidid, Aidi
Mohamad, Jais
Razman, Anuar
author_facet Nazaria, Md.Aris
Mohammad Aidid, Aidi
Mohamad, Jais
Razman, Anuar
author_sort Nazaria, Md.Aris
title The Effects of Earnings on Share Repurchase: Evidence in Malaysia
title_short The Effects of Earnings on Share Repurchase: Evidence in Malaysia
title_full The Effects of Earnings on Share Repurchase: Evidence in Malaysia
title_fullStr The Effects of Earnings on Share Repurchase: Evidence in Malaysia
title_full_unstemmed The Effects of Earnings on Share Repurchase: Evidence in Malaysia
title_sort effects of earnings on share repurchase: evidence in malaysia
publisher Human Resource Management Academic Research Society
publishDate 2021
url http://ir.unimas.my/id/eprint/33846/1/The%20Effects%20of%20Earnings%20on%20Share%20Repurchase%20Evidence%20in%20Malaysia.pdf
http://ir.unimas.my/id/eprint/33846/
http://hrmars.com/index.php/pages/detail/IJARAFMS
_version_ 1690374951732772864
score 13.211869

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