Finding
In financialized accounts these are now significant transactions which, it is argued, serve the financial interests of managers and investors.
Paper
Financialized accounts: Share buy-backs, mark to market and holding the financial line in the S&P 500
Abstract
Abstract In recent years the US corporate sector has deployed more cash from operations to finance the repurchase of outstanding share capital for treasury stock. Shares repurchased for treasury stock can help flatter earnings per share, fund senior management share option compensation schemes and finance corporate acquisitions. In financialized accounts these are now significant transactions which, it is argued, serve the financial interests of managers and investors.
Authors
Tord Andersson, C. Haslam, Edward Lee
Journal
Accounting Forum
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