{"id":"https://openalex.org/W1972040282","doi":"https://doi.org/10.1108/03074350810915833","title":"An empirical survey of the motivation for share repurchases in the UK","display_name":"An empirical survey of the motivation for share repurchases in the UK","publication_year":2008,"publication_date":"2008-10-17","ids":{"openalex":"https://openalex.org/W1972040282","doi":"https://doi.org/10.1108/03074350810915833","mag":"1972040282"},"language":"en","primary_location":{"id":"doi:10.1108/03074350810915833","doi":"https://doi.org/10.1108/03074350810915833","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074350810915833","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://durham-repository.worktribe.com/output/1552270","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5110308130","display_name":"Rob Dixon","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I190082696","display_name":"Durham University","ror":"https://ror.org/01v29qb04","country_code":"GB","type":"education","lineage":["https://openalex.org/I190082696"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Rob Dixon","raw_affiliation_strings":["Durham Business School, University of Durham, Durham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Durham Business School, University of Durham, Durham, UK","institution_ids":["https://openalex.org/I190082696"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Graham Palmer","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I190082696","display_name":"Durham University","ror":"https://ror.org/01v29qb04","country_code":"GB","type":"education","lineage":["https://openalex.org/I190082696"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Graham Palmer","raw_affiliation_strings":["Durham Business School, University of Durham, Durham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Durham Business School, University of Durham, Durham, UK","institution_ids":["https://openalex.org/I190082696"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5008248244","display_name":"Bob Stradling","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I190082696","display_name":"Durham University","ror":"https://ror.org/01v29qb04","country_code":"GB","type":"education","lineage":["https://openalex.org/I190082696"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Bob Stradling","raw_affiliation_strings":["Durham Business School, University of Durham, Durham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Durham Business School, University of Durham, Durham, UK","institution_ids":["https://openalex.org/I190082696"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5036162501","display_name":"Anne D. Woodhead","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I190082696","display_name":"Durham University","ror":"https://ror.org/01v29qb04","country_code":"GB","type":"education","lineage":["https://openalex.org/I190082696"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Anne Woodhead","raw_affiliation_strings":["Durham Business School, University of Durham, Durham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Durham Business School, University of Durham, Durham, UK","institution_ids":["https://openalex.org/I190082696"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I190082696"],"apc_list":null,"apc_paid":null,"fwci":3.2625,"has_fulltext":false,"cited_by_count":32,"citation_normalized_percentile":{"value":0.94877999,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"34","issue":"12","first_page":"886","last_page":"906"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/share-repurchases","display_name":"share repurchases","score":0.972000002861023},{"id":"https://openalex.org/keywords/optimal-capital-structure","display_name":"optimal capital structure","score":0.7829999923706055},{"id":"https://openalex.org/keywords/uk-firms","display_name":"UK firms","score":0.6340000033378601},{"id":"https://openalex.org/keywords/us-firms","display_name":"US firms","score":0.5910000205039978},{"id":"https://openalex.org/keywords/financial-director","display_name":"financial director","score":0.6570000052452087},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.3160000145435333},{"id":"https://openalex.org/keywords/cross-national-comparison","display_name":"cross-national comparison","score":0.5960000157356262}],"concepts":[{"id":"https://openalex.org/C2777146004","wikidata":"https://www.wikidata.org/wiki/Q14949826","display_name":"CLARITY","level":2,"score":0.8313412666320801},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.7098249793052673},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6080577969551086},{"id":"https://openalex.org/C2780871342","wikidata":"https://www.wikidata.org/wiki/Q7883752","display_name":"Underpinning","level":2,"score":0.5823611617088318},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.5441514253616333},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5415066480636597},{"id":"https://openalex.org/C2780832612","wikidata":"https://www.wikidata.org/wiki/Q939290","display_name":"Share repurchase","level":4,"score":0.5414419770240784},{"id":"https://openalex.org/C16051113","wikidata":"https://www.wikidata.org/wiki/Q828814","display_name":"Market share","level":2,"score":0.4761512279510498},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.4231989085674286},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.41787266731262207},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21896249055862427},{"id":"https://openalex.org/C190248442","wikidata":"https://www.wikidata.org/wiki/Q839486","display_name":"Qualitative research","level":2,"score":0.20786216855049133},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.13562780618667603},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.12329313158988953},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.09180223941802979},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C147176958","wikidata":"https://www.wikidata.org/wiki/Q77590","display_name":"Civil engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1108/03074350810915833","doi":"https://doi.org/10.1108/03074350810915833","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074350810915833","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},{"id":"pmh:oai:dro.dur.ac.uk.OAI2:5531","doi":null,"is_oa":false,"landing_page_url":"http://dro.dur.ac.uk/5531/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Managerial finance, 2008, Vol.34(12), pp.886-906 [Peer Reviewed Journal]","raw_type":"Article"},{"id":"pmh:oai:durham-repository.worktribe.com:1552270","doi":null,"is_oa":false,"landing_page_url":"https://durham-repository.worktribe.com/output/1552270","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:https://durham-repository.worktribe.com/:1552270","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1552270","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"}],"best_oa_location":{"id":"pmh:oai:https://durham-repository.worktribe.com/:1552270","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1552270","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W1522838990","https://openalex.org/W1584950101","https://openalex.org/W1963631881","https://openalex.org/W1965462086","https://openalex.org/W1976374323","https://openalex.org/W1982725181","https://openalex.org/W2003451437","https://openalex.org/W2013300584","https://openalex.org/W2019180181","https://openalex.org/W2026186584","https://openalex.org/W2040469920","https://openalex.org/W2047112644","https://openalex.org/W2057781651","https://openalex.org/W2060956527","https://openalex.org/W2073054321","https://openalex.org/W2129935464","https://openalex.org/W2146880834","https://openalex.org/W2148473978","https://openalex.org/W2150853382","https://openalex.org/W2160860931","https://openalex.org/W2167506021","https://openalex.org/W2171353516","https://openalex.org/W2176676657","https://openalex.org/W3022225134","https://openalex.org/W3121131820","https://openalex.org/W3122368200","https://openalex.org/W3123312698"],"related_works":["https://openalex.org/W4225668143","https://openalex.org/W7111339838","https://openalex.org/W1989883254","https://openalex.org/W75522275","https://openalex.org/W7020901732","https://openalex.org/W4403228654","https://openalex.org/W4402356174","https://openalex.org/W2340576186","https://openalex.org/W4386558133","https://openalex.org/W2736272093"],"abstract_inverted_index":{"Purpose":[0],"Most":[1],"research":[2,58,218],"on":[3,8,44,101],"share":[4,15,66,118],"repurchases":[5,16,119],"is":[6,87,99,123,137,189],"based":[7,100],"the":[9,12,47,60,76,80,97,106,121,132,143,162,183,236,243],"USA.":[10,61],"Recently,":[11],"rate":[13],"of":[14,49,75,79,96,117,173,182,190,198,235,239,245],"by":[17,71],"UK":[18,45,50,82,122],"companies":[19,51,176],"has":[20,149],"increased":[21],"significantly;":[22],"such":[23],"a":[24,31,72,114,171,209,240,246],"marked":[25],"increase":[26],"in":[27,33,59,120,142,161,196,212,222],"activity":[28,68],"would":[29,219],"suggest":[30],"change":[32],"strategic":[34],"factors":[35],"generating":[36],"this":[37,191,213],"activity.":[38],"This":[39],"paper":[40],"aims":[41],"to":[42,52,89,124,134,139],"focus":[43],"practice,":[46],"motivations":[48],"repurchase":[53,67,247],"shares":[54,136],"and":[55,130,155,215,225],"compares":[56],"similar":[57],"Design/methodology/approach":[62],"Strategic":[63],"motives":[64],"for":[65],"are":[69,248],"examined":[70],"questionnaire":[73],"survey":[74,98,172],"finance":[77,206],"directors":[78,207],"top":[81],"200":[83],"companies.":[84],"The":[85,93,110,187],"outcome":[86],"compared":[88],"equivalent":[90],"US":[91],"research.":[92],"theoretical":[94],"underpinning":[95],"six":[102],"prominent":[103],"hypotheses":[104],"from":[105],"academic":[107,226],"literature.":[108],"Findings":[109],"results":[111],"indicate":[112],"that":[113,131,205,216],"primary":[115],"motive":[116],"achieve":[125],"an":[126,232],"optimal":[127],"capital":[128],"structure,":[129],"requirement":[133],"cancel":[135],"fundamental":[138],"buy\u2010back":[140],"decisions":[141],"UK.":[144],"Research":[145],"limitations/implications":[146],"USA/UK":[147],"comparison":[148],"limitations,":[150],"nevertheless":[151],"it":[152],"highlights":[153],"differences":[154],"possible":[156],"reasons.":[157],"A":[158],"follow\u2010up":[159],"study":[160],"current":[163],"market":[164],"conditions":[165],"may":[166,177],"give":[167],"further":[168,178,217],"clarity.":[169],"Also,":[170],"smaller":[174],"quoted":[175],"enhance":[179],"our":[180],"understanding":[181],"motives.":[184],"Practical":[185],"implications":[186],"likelihood":[188],"trend":[192],"being":[193],"maintained,":[194],"especially":[195],"view":[197],"legal":[199],"development.":[200],"Originality/value":[201],"Individual":[202],"respondents":[203],"indicated":[204],"have":[208],"genuine":[210],"interest":[211],"topic":[214],"be":[220,231],"beneficial":[221],"both":[223],"practical":[224],"use.":[227],"Share":[228],"buy\u2010backs":[229],"can":[230],"effective":[233],"part":[234],"overall":[237],"strategy":[238],"company,":[241],"however":[242],"effects":[244],"ultimately":[249],"short":[250],"term.":[251]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-22T18:32:59.640997","created_date":"2016-06-24T00:00:00"}