Change search
ReferencesLink to record
Permanent link

Direct link
Reglerade återköpstider: en studie av svenska återköpsprogram
Gotland University, School of the Humanities and Social Science.
2012 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Regulated repurchase rights : a study o Swedish repurchase programs (English)
Abstract [en]

This study addresses mandatory non-trading periods for Swedish stock market participants which have implemented an open-market share repurchase program during the period 2000 until 2010. By locating the date of publication of interim reports, these mandatory non-trading periods called silent periods are examined. The result indicates that repurchase trading activity occurs despite the statutory prohibition. By studying the price support hypothesis assumptions about long- and short-term effect on share price and performance, this study tries to explain these tendencies. An average decline of share price and performance is shown among companies entering silent periods. However, the price support effect is small and only occasionally significant; making it unlikely that open-market repurchase activity is driven by pricesupport decisions only. Consistent with claims that stock price affects the stock volatility, this study shows that different priced shares react differently to silent periods. Most of the repurchase programs where initiated during recessions in the early 2000s and year 2007, which confirms previous theories that repurchase program follows the cyclical changes of business economy.

Place, publisher, year, edition, pages
2012. , 47 p.
Keyword [sv]
Företagsekonomi, återköpsprogram, reglerade återköpstider, tysta perioder
National Category
Business Administration
URN: urn:nbn:se:hgo:diva-1448OAI: diva2:533238
Subject / course
Business Administration
Educational program
Programme of Graduate Business Administration
Social and Behavioural Science, Law
Available from: 2012-06-13 Created: 2012-06-13 Last updated: 2013-07-01Bibliographically approved

Open Access in DiVA

fulltext(435 kB)197 downloads
File information
File name FULLTEXT01.pdfFile size 435 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Loquist, Jesper
By organisation
School of the Humanities and Social Science
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 197 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 260 hits
ReferencesLink to record
Permanent link

Direct link