Share Buybacks: From Illegal to Essential (1920 vs. Today)
Автор: Market Mechanics
Загружено: 2025-12-29
Просмотров: 7
Описание:
While modern companies use buybacks to signal value and boost EPS, our investigation reveals that a century ago, the practice was largely illegal, legally dangerous, or functionally non-existent across the globe. We break down the "Capital Maintenance" doctrine that banned buybacks in the UK and Germany, the legal loopholes in the US.
#FinanceHistory #ShareBuybacks #Investing #CorporateFinance #1920s #StockMarketHistory
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