{"id":"W4366771240","doi":"10.1111/jbfa.12699","title":"The persistence and consequences of share repurchases","year":2023,"lang":"en","type":"article","venue":"Journal of Business Finance &amp Accounting","topic":"Corporate Finance and Governance","field":"Business, Management and Accounting","cited_by":7,"is_retracted":false,"has_abstract":true,"ca_institutions":"University of Alberta","funders":"","keywords":"Earnings; Cash flow; Dividend; Monetary economics; Business; Retained earnings; Investment (military); Share repurchase; External financing; Finance; Economics; Corporate governance; Shareholder","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.00176759,0.00009255554,0.0002049154,0.001040991,0.0003695335,0.001816803,0.0004927093,0.0007987181,0.004133322],"category_scores_gemma":[0.02449605,0.0001382562,0.0002321074,0.001138721,0.000760159,0.001526964,0.0008892954,0.001273796,0.0004206061],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0006033191,"about_ca_system_score_gemma":0.000327348,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.003986897,"about_ca_topic_score_gemma":0.003782733,"domain_scores_codex":[0.999126,0.0001842057,0.0001123815,0.0001599634,0.0001965588,0.0002209088],"domain_scores_gemma":[0.944024,0.01297818,0.03535048,0.002441465,0.002946009,0.002259846],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.0003012708,0.0001423095,0.9807005,0.00003626554,0.00008481865,0.0006105708,0.0004249819,0.0009174866,0.001623234,0.001938034,0.0005147458,0.01270583],"study_design_scores_gemma":[0.000005113331,0.0000730468,0.9957017,0.00001656151,0.00001767215,0.0003695784,0.0006961874,0.0009532185,0.0004404818,0.001358853,0.000355513,0.00001203199],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9973386,0.0003385562,0.0001609864,0.0003707808,0.000004205865,0.000005135829,0.0002342252,0.000007312479,0.001540233],"genre_scores_gemma":[0.999694,0.00004713045,0.00001350687,0.00001577574,0.000006076355,6.919408e-7,0.00007284874,8.932869e-7,0.0001490264],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.004133322,"threshold_uncertainty_score":0.01382732,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.04553076114268129,"score_gpt":0.2338266661203556,"score_spread":0.1882959049776743,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}