Open Market Repurchase Regulations: A Cross-Country Examination

Corporate Finance Review. Vol. 9, pp. 29-38, Forthcoming

20 Pages Posted: 1 Feb 2004 Last revised: 19 Jun 2013

See all articles by Jaemin Kim

Jaemin Kim

Fowler College of Business

Ralf Schremper

affiliation not provided to SSRN

Nikhil P. Varaiya

San Diego State University

Abstract

This paper offers a survey of open market share repurchase regulations in the ten largest stock markets around the world: the United States, Japan, the United Kingdom, France, Germany, Canada, Italy, the Netherlands, Switzerland, and Hong Kong. We find that in many nations, open market share repurchases are subject to relatively strict regulations in terms of disclosure and execution. Disclosure in the U.S., however, was not mandatory until recent SEC amendments requiring disclosure in Forms 10-Q and 10-K for periods ending on or after March 2004.

Suggested Citation

Kim, Jaemin and Schremper, Ralf and Varaiya, Nikhil P., Open Market Repurchase Regulations: A Cross-Country Examination. Corporate Finance Review. Vol. 9, pp. 29-38, Forthcoming. Available at SSRN: https://ssrn.com/abstract=496003 or http://dx.doi.org/10.2139/ssrn.496003

Jaemin Kim (Contact Author)

Fowler College of Business ( email )

San Diego State University
5500 Campanile Drive
San Diego, CA 92182-8236
United States
619-594-2721 (Phone)

Ralf Schremper

affiliation not provided to SSRN

Nikhil P. Varaiya

San Diego State University ( email )

San Diego, CA 92182-0763
United States

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