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The number of OMRs has steadily increased in the last four decades and reached at…
Share repurchases led by OMRs also offer other advantages that dividends cannot offer.…
Share repurchases also have functions in corporate finance that help managers to…
OMRs may also deter potential bidders from making hostile takeover attempts. Unlike…
On the other hand, the potential conflict of interest inherent in managerial authority…
Although to a lesser extent than managers, more informed shareholders are also able…
This chapter has also argued that the ability of both managers and active institutional…
The alignment of short-term interests of managers and short-term shareholder activists…
