Share buybacks and stock market indices in the United States and the euro zone
We estimate the effect of share buybacks, which reduce the number of listed shares and increase earnings per share, on stock market indices in the United States and the euro zone. We show that the outperformance of US stock market indices compared with European indices is not due to share buybacks.
Provider
Natixis
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.