Off-market tender buybacks not driven by tax benefits

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/55748

Title: Off-market tender buybacks not driven by tax benefits
Author(s): Kendall, Keith; Steen, Adam; Turpie, Keith
Abstract: While shareholders may gain some tax benefits from participating in share market buybacks, our research shows that prices offered by shareholders in off-market tender buybacks in Australia are not driven by tax consequences alone.
Publication type: Journal article
Research centre: Swinburne University of Technology
Source: FINSIA Journal of Applied Finance, No. 3 (2008), pp. 11-15
Publication year: 2008
FOR Code(s): 150201 Finance; 150107 Taxation Accounting
Keyword(s): Share market buybacks; Shareholders; Taxation; Tender buybacks
Publisher: Financial Services Institute of Australasia
ISSN: 0313-5934
Publisher URL: http://www.finsia.com/
Peer reviewed