Return of Capital: A Legal or a Market Process?
- 1 October 1979
- journal article
- research article
- Published by SAGE Publications in Australian Journal of Management
- Vol. 4 (2) , 85-96
- https://doi.org/10.1177/031289627900400201
Abstract
In this paper we examine the implications of existing return of capital procedures which apply to Australian companies with surplus liquid assets which they wish to distribute to shareholders. This process is compared to the alternative of share repurchase. We conclude that the latter method is less time consuming and costly, and provides greater flexibility for management and shareholders without prejudicing the rights of creditors.Keywords
This publication has 6 references indexed in Scilit:
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- Financial, Operating and Security Market Parameters of RepurchasingCFA Magazine, 1969