Do Share Repurchases Crowd Out Internal Investment in South Africa?

Researchers in developed countries have questioned whether share repurchase activity influences internal investment. The aim of this study was to investigate the relationship between share repurchases and internal investment (defined as capital expenditure, employment expenditure, and research and d...

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Bibliographic Details
Main Authors: Gretha Steenkamp, Nicolene Wesson
Format: Article
Language:English
Published: MDPI AG 2023-07-01
Series:International Journal of Financial Studies
Subjects:
Online Access:https://www.mdpi.com/2227-7072/11/3/95