Share repurchases and myopia : (Record no. 11510)
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| fixed length control field | 01882nam a2200217Ia 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260803094231.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 251212s9999 xx 000 0 und d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | 82 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Dates associated with a name | 2 |
| 110 ## - MAIN ENTRY--CORPORATE NAME | |
| Corporate name or jurisdiction name as entry element | Article |
| 245 1# - TITLE STATEMENT | |
| Title | Share repurchases and myopia : |
| Remainder of title | implications on the stock and consumer markets / |
| Statement of responsibility, etc. | David Bandig, Daniel Willmann, Steffen Strese, & Malte Brettel. |
| 240 1# - UNIFORM TITLE | |
| Uniform title | Journal of Marketing |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | English : |
| Name of publisher, distributor, etc. | , |
| 250 ## - EDITION STATEMENT | |
| Edition statement | marketing - finance interface ; myopic marketing management ; earnings management ; product recalls ; share repurchase |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | Investor demands has promoted share repurchasers to the dominating payout instrument for U.S. firms. However, critics worry that the reprchase boom leads to firms neglecting long-term investments. Even worse, scholars have shown that investor pressure also motivates firms to cut marketing investments with the aim of boosting short-term income, a practice called myopic marketing management. Extant theory still lacks an understanding of whether and how the co-occurrence of share repurchases and myopic marketing affects firm stakeholders such as investors and consumers. Using a large-scale cross-industry sample, the authors reveal that there is a higher share of firms cutting marketing investments among repurchasing firms than among nonrepurchasing firms. Furthermore, investors immediately respond negatively to myopic firms that also repurchase shares. Finally, repurchases and myopic marketing are also associated with an increase in product recalls. This first study to assess share repurchases through a marketing lens hence reveals negative effects on both the stock and the consumer markets. |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | 3/1/2018 |
| 700 0# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | 19-41 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Library of Congress Classification |
| Koha item type | |
| Institution code [OBSOLETE] | jpascua |
| -- | 2020-11-10 10:57:17 |
| -- | jpascua |
| Edition | 2020-11-10 10:57:17 |
| 943 ## - EQUIVALENCE OR CROSS-REFERENCE--COLLECTIVE TITLE [OBSOLETE] [CAN/MARC only] | |
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| Date of a work | 0 |
| Miscellaneous information | 0 |
| Medium | 0 |
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| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| MyRDA biblio | 11612 |
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