Question
Lazonick (2014) and Edmands (2017) offer opposing views on the value of stock repurchases. Below are the links to the authors https://hbr.org/2014/09/profits-without-prosperity https://hbr.org/2017/09/the-case-for-stock-buybacks Whose argument
Lazonick (2014) and Edmands (2017) offer opposing views on the value of stock repurchases. Below are the links to the authors
https://hbr.org/2014/09/profits-without-prosperity
https://hbr.org/2017/09/the-case-for-stock-buybacks
Whose argument do you find more compelling? To help structure your response, consider the following case. Suppose a company receives a windfall of cash. What factors should the board of directors consider when deciding how to allocate the newly found capital?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
