Tag Archives | Griffin

Do Weak Governance and Unclear Accounting Rules Explain the Explosion in Corporate Buybacks?

Corporate buybacks are now a daily news item. In 2007 US companies spent an astounding one trillion dollars on stock buybacks that exceeded dividends paid and accounted for two-thirds of net income that year.  Since 2000 those same companies distributed three trillion dollars to shareholders through buybacks. By any measure, these amounts are staggering and […]

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