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Financialized accounts: Share buy-backs, mark to market and holding the financial line in the S&P 500

Author

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  • Tord Andersson
  • Colin Haslam
  • Edward Lee
  • Nick Tsitisianis

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.

Suggested Citation

  • Tord Andersson & Colin Haslam & Edward Lee & Nick Tsitisianis, 2007. "Financialized accounts: Share buy-backs, mark to market and holding the financial line in the S&P 500," Accounting Forum, Taylor & Francis Journals, vol. 31(2), pages 165-178, June.
    • Handle: RePEc:taf:accfor:v:31:y:2007:i:2:p:165-178
    DOI: 10.1016/j.accfor.2006.11.002
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    Cited by:

    1. Zhang, Ying & Andrew, Jane, 2014. "Financialisation and the Conceptual Framework," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(1), pages 17-26.
    2. Beisland, Leif Atle, 2014. "Equity valuation in practice: The influence of net financial expenses," Accounting forum, Elsevier, vol. 38(2), pages 122-131.
    3. Müller, Julian, 2014. "An accounting revolution? The financialisation of standard setting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(7), pages 539-557.

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