پریتبال سینگ بولار - University Business School Maharaja Ranjit Singh Punjab Technical University, Bathinda,Punjab, India
دایل بتناگر - University School of Business Studies, Guru Kashi Campus, Talwandi Sabo, Punjabi University Patiala, Punjab, India
پرادیپ گوپتا - L M Thapar School of Management, TIET (Deemed -to –be-University) Patiala, Punjab, India

The present study examines the impact of capital employed in buyback of shares on firm value for ۱۸۰ firms listed in the Bombay Stock Exchange of India. The issue of buyback of shares in the period from ۲۰۰۶ to ۲۰۱۶ was examined. The firm value is measured by a proxy, enterprise value, as a substitute of share price. The results suggest that the firm value differs from pre and post buyback of shares. The findings of this study further imply that the proportion of paid-up equity capital employed by companies for buyback of shares does not have any significant effect on firm value.

Buyback of shares, enterprise value, Firm Value, capital employed