Wykup akcji własnych przez spółki giełdowe jako forma dystrybucji wartości dla akcjonariuszy
Share repurchase by publicly listed companies as a form of value distribution for shareholders

Summary/Abstract: This study aims to analyse the conditions for application of share repurchase by publicly listed companies as a form of value distribution for shareholders. This problem is particularly relevant in a period of adverse situations on the capital market. The announcement of repurchase of undervalued own shares by companies usually causes an increase in share prices in the long-term perspective. Buy-back operations also contribute to the optimisation of the capital structure and development of the ownership structure as well as protection against hostile takeovers. The implementation circumstances and the economic follow-ups are different in the case of cash dividend payments and share repurchase by publicly listed companies.

• Details
• Contents