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CEO characteristics and frequency of share repurchases

This study investigates whether companies repurchase shares to improve EPS and whether the characteristics of chief executive officer (CEO) play a significant role in the share repurchase frequency in Malaysian non financial companies. Based on robust profit regression using 274 observations of Mala...

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Main Authors: Abdul Latif, Rohaida, Taufil Mohd, Kamarun Nisham, Kamardin, Hasnah
Format: Article
Language:English
Published: International Information Institute 2016
Subjects:
HF5601 Accounting
Online Access:http://repo.uum.edu.my/21898/1/III%2019%208A%202016%203155%203160.pdf
http://repo.uum.edu.my/21898/
http://www.information-iii.org/abs_e2.html#No8(A)-2016
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spelling my.uum.repo.218982017-04-30T03:02:35Z http://repo.uum.edu.my/21898/ CEO characteristics and frequency of share repurchases Abdul Latif, Rohaida Taufil Mohd, Kamarun Nisham Kamardin, Hasnah HF5601 Accounting This study investigates whether companies repurchase shares to improve EPS and whether the characteristics of chief executive officer (CEO) play a significant role in the share repurchase frequency in Malaysian non financial companies. Based on robust profit regression using 274 observations of Malaysian actual share repurchase events between 2006 to 2010, we find significant evidence that companies frequently repurchase shares in an attempt to smooth reporting earnings.We also find that CEO duality, CEO expertise and CEO tenure can greatly influence the frequency of share repurchase events.The idea that managers utilize share repurchases to smooth earnings is quite worrying as it could potentially result in unfavorable implications for the company's long-run performance. International Information Institute 2016-08 Article PeerReviewed application/pdf en http://repo.uum.edu.my/21898/1/III%2019%208A%202016%203155%203160.pdf Abdul Latif, Rohaida and Taufil Mohd, Kamarun Nisham and Kamardin, Hasnah (2016) CEO characteristics and frequency of share repurchases. Information, 19 (8A). pp. 3155-3160. ISSN 1343-4500 http://www.information-iii.org/abs_e2.html#No8(A)-2016
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Abdul Latif, Rohaida
Taufil Mohd, Kamarun Nisham
Kamardin, Hasnah
CEO characteristics and frequency of share repurchases
description This study investigates whether companies repurchase shares to improve EPS and whether the characteristics of chief executive officer (CEO) play a significant role in the share repurchase frequency in Malaysian non financial companies. Based on robust profit regression using 274 observations of Malaysian actual share repurchase events between 2006 to 2010, we find significant evidence that companies frequently repurchase shares in an attempt to smooth reporting earnings.We also find that CEO duality, CEO expertise and CEO tenure can greatly influence the frequency of share repurchase events.The idea that managers utilize share repurchases to smooth earnings is quite worrying as it could potentially result in unfavorable implications for the company's long-run performance.
format Article
author Abdul Latif, Rohaida
Taufil Mohd, Kamarun Nisham
Kamardin, Hasnah
author_facet Abdul Latif, Rohaida
Taufil Mohd, Kamarun Nisham
Kamardin, Hasnah
author_sort Abdul Latif, Rohaida
title CEO characteristics and frequency of share repurchases
title_short CEO characteristics and frequency of share repurchases
title_full CEO characteristics and frequency of share repurchases
title_fullStr CEO characteristics and frequency of share repurchases
title_full_unstemmed CEO characteristics and frequency of share repurchases
title_sort ceo characteristics and frequency of share repurchases
publisher International Information Institute
publishDate 2016
url http://repo.uum.edu.my/21898/1/III%2019%208A%202016%203155%203160.pdf
http://repo.uum.edu.my/21898/
http://www.information-iii.org/abs_e2.html#No8(A)-2016
_version_ 1644283367963754496
score 13.211869

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