股份回购是指公司重新收购自己的股份。相对于股息，它代表了一种更灵活的向股东返还资金的方式。在大多数国家，公司可以通过向现有股东返還现金来回购自己的股票，以换取公司的一部分流通股。
股票回購后股價走勢
股票回購可以減少流通股數量，一般會帶來股價上漲。
積極回購的行動也是2024年美股科技股持續飆漲的原因之一。例如蘋果宣布1100億美元股票回購，Google母公司Alphabet推出700億美元回購計劃，Meta也推出了500億美元的回購計劃。
参考文献
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- Andriosopoulos, Dimitris, and Meziane Lasfer. "The market valuation of share repurchases in Europe". Journal of Banking & Finance 55 (2015): 327–339. [https://strathprints.strath.ac.uk/48978/5/Andriosopoulos_and_Lasfer_2014_The_Market_Valuation_of_Share_Repurchases_in_Europe.pdf online]
- Jun, Sang-gyung, Mookwon Jung, and Ralph A. Walkling. "Share repurchase, executive options and wealth changes to stockholders and bondholders". Journal of Corporate Finance 15.2 (2009): 212–229.
- Schumpeter, "Six muddles about share buy-backs: Stock repurchases by American firms are on the rise. So is the confusion surrounding them". [https://www.economist.com/business/2018/06/02/six-muddles-about-share-buy-backs The Economist 31 May 2018] .
- Wesson, N., B. W. Bruwer, and W. D. Hamman. "Share repurchase and dividend payout behaviour: The South African experience". South African Journal of Business Management 46.3 (2015): 43–54.
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