The Impact of Share Repurchase on the Value of Listed Companies Take Alibaba Group as an Example

Share repurchase is a common dividend policy and financial policy in western listed companies. The share repurchase policy has some positive and negative effects on the company. Therefore, this paper takes Alibaba Group as an example, and studies its share repurchase policy from 2014 after its listi...

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Bibliographic Details
Published inE3S Web of Conferences Vol. 235; p. 1026
Main Author Yang, Mingzhu
Format Journal Article Conference Proceeding
LanguageEnglish
Published Les Ulis EDP Sciences 01.01.2021
Subjects
Corporate structure
Economics
Empirical analysis
Market value
Profitability
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Summary:Share repurchase is a common dividend policy and financial policy in western listed companies. The share repurchase policy has some positive and negative effects on the company. Therefore, this paper takes Alibaba Group as an example, and studies its share repurchase policy from 2014 after its listing to 2019. A theoretical and empirical analysis on the profitability, market value and stock price of listed companies through share repurchase is conducted. The result shows that it has positive effects on corporate profitability, market value and capital structure. At last, suggestions based on the analysis are proposes.
ISSN:2267-1242
2555-0403
2267-1242
DOI:10.1051/e3sconf/202123501026