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Share repurchase and cash holdings: Evidence from China

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  • Ye, Linlin
  • Wang, Zejun
  • Ren, He

Abstract

This paper empirically examines the impact of share repurchase on corporate cash holding decisions by selecting A sample of stock repurchase of A-share listed companies in Shanghai and Shenzhen from 2007 to 2020. The results show that share repurchase can reduce the level of corporate cash holdings, and there is heterogeneity in financing constraints, dividend distribution and investment opportunities.

Suggested Citation

  • Ye, Linlin & Wang, Zejun & Ren, He, 2024. "Share repurchase and cash holdings: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    • Handle: RePEc:eee:reveco:v:96:y:2024:i:pb:s1059056024005604
    DOI: 10.1016/j.iref.2024.103568
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    References listed on IDEAS

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