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2011, vol. 58, iss. 4, pp. 577-594
The effects of stock repurchase on the market value and on the company's financial position of dairies in Serbia
aMegatrend University, Faculty of Business Studies, Belgrade
bJulon d.d., Ljubljana, Slovenija
cMegatrend University, Faculty of International Economics, Belgrade

emailvpavlovic@megatrend.edu.rs, sasa.muminovic@aquafil.com, vgrbic@eunet.rs
Project:
Projekat Ministarstva nauke Republike Srbije, br. 179032: Nacionalna strategija priliva stranog kapitala u cilju reintegracije Srbije u svetske ekonomske tokove, i br. 47004: Unapređenje javnih politika u

Keywords: stock repurchase; share buybacks; share value; financial position; crisis
Abstract
This paper aims to show how the stock repurchase, aimed at preventing damage for company, was reflected on the stock price and financial position of companies of Serbian dairy industry. The choice of companies in the dairy industry is the result of significance of dairy industry for the Serbian economy and relatively significant stock repurchase of these companies in relation to the stock repurchase of companies in other sectors. Research on effects of stock repurchase on the market value indicated that the stock repurchase did not prevent a further decline in their value, as well as the numerous other anomalies of the Serbian capital market.
References
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article language: Serbian
document type: Original Scientific Paper
published in SCIndeks: 07/02/2012