stock repurchase agreement

简明释义

股票回购协议

英英释义

例句

1.The board approved a stock repurchase agreement 股票回购协议 aimed at boosting shareholder value.

董事会批准了一项旨在提升股东价值的股票回购协议 stock repurchase agreement。

2.Under the stock repurchase agreement 股票回购协议, the firm plans to buy back $1 million worth of shares over the next year.

根据这项股票回购协议 stock repurchase agreement，该公司计划在未来一年内回购价值100万美元的股票。

3.Investors were pleased with the stock repurchase agreement 股票回购协议 as it indicated the company's confidence in its future.

投资者对这项股票回购协议 stock repurchase agreement 感到满意，因为这表明公司对未来的信心。

4.The company announced a new stock repurchase agreement 股票回购协议 to buy back shares from the market.

公司宣布了一项新的股票回购协议 stock repurchase agreement，以从市场上回购股票。

5.A stock repurchase agreement 股票回购协议 can help stabilize a company's stock price during market volatility.

在市场波动期间，股票回购协议 stock repurchase agreement 可以帮助稳定公司的股价。

作文

A stock repurchase agreement is a financial contract between a company and its shareholders, wherein the company agrees to buy back its own shares from the market or directly from the shareholders. This agreement can be beneficial for both parties involved. For the company, repurchasing stocks can be a strategic move to enhance shareholder value, manage capital structure, or signal confidence in its own future prospects. On the other hand, shareholders may find this arrangement appealing as it provides them with an opportunity to liquidate their investments at a potentially favorable price. The decision to enter into a stock repurchase agreement often reflects the company's belief that its shares are undervalued. By buying back shares, the company reduces the number of outstanding shares in the market, which can lead to an increase in earnings per share (EPS) and, consequently, a higher stock price. This action can also demonstrate to the market that the company is confident in its growth and profitability, which can attract more investors.Furthermore, a stock repurchase agreement can serve as a tool for managing excess cash. Companies that generate substantial cash flow but do not have immediate investment opportunities may choose to return that cash to shareholders through stock buybacks. This can be seen as a more tax-efficient method compared to paying dividends, as capital gains taxes are typically lower than dividend taxes for shareholders.However, there are potential downsides to consider. Critics argue that companies might prioritize buybacks over necessary investments in research and development, employee wages, or other long-term growth strategies. Additionally, if a company engages in aggressive buyback programs, it may lead to a perception that it is manipulating its stock price rather than focusing on sustainable growth. In conclusion, a stock repurchase agreement can be a powerful financial strategy for companies looking to enhance shareholder value and manage their capital effectively. However, it is crucial for companies to balance this strategy with their long-term growth objectives and ensure that they are not compromising future opportunities for short-term gains. Understanding the implications of such agreements can help both companies and investors make informed decisions in the ever-evolving landscape of corporate finance.

股票回购协议是一种公司与股东之间的金融合同，其中公司同意从市场或直接从股东那里回购其自身的股票。这项协议对双方都有利。对于公司而言，回购股票可以是提升股东价值、管理资本结构或传达对未来前景信心的战略举措。另一方面，股东可能会发现这种安排很有吸引力，因为它为他们提供了以潜在有利价格变现投资的机会。进入股票回购协议的决定通常反映了公司认为其股票被低估的信念。通过回购股票，公司减少市场上流通的股份数量，这可能导致每股收益（EPS）的增加，从而提高股票价格。这一举动还可以向市场表明公司对自身增长和盈利能力的信心，从而吸引更多投资者。此外，股票回购协议可以作为管理多余现金的一种工具。那些产生可观现金流但没有立即投资机会的公司，可能选择通过股票回购将现金返还给股东。这被视为比支付股息更具税收效率的方法，因为相较于股息税，资本利得税通常较低。然而，也有潜在的缺点需要考虑。批评者认为，公司可能会优先考虑回购，而不是必要的研发投资、员工工资或其他长期增长策略。此外，如果一家公司进行激进的回购计划，可能会导致外界对其操纵股价的看法，而不是专注于可持续增长。总之，股票回购协议可以成为公司提升股东价值和有效管理资本的强大金融战略。然而，公司必须平衡这一策略与其长期增长目标，并确保不会为了短期收益而妥协未来的机会。理解这类协议的影响可以帮助公司和投资者在不断变化的企业金融环境中做出明智的决策。