Eller Finance Professor Referenced In Recent Marketplace Article
April 11, 2022
Alice Bonaime, associate professor of finance and Philip Rhoads Fellow in Finance in the Eller College of Management, was mentioned in a recent Marketplace article: “Why Companies Repurchase Their Own Shares.”
The article covers information and background on companies repurchasing their own shares.
Bonaime says that stock buybacks reduce a company’s total share count and boost per-share profits. “You often hear firms saying things like, ‘We believe our stock is the best investment out there,’” she says. “And so definitely they’re trying to build confidence with shareholders.”
Bonaimé is associate professor of finance and the Philip Rhoads Fellow in Finance at Eller College of Management. Prior to joining Eller, she earned her PhD in Finance from the University of Florida and taught at the University of Kentucky. Her research studies empirical corporate finance, with a focus on payout policy and mergers and acquisitions. Her work has been published in top academic journals, including the Journal of Financial Economics, the Review of Financial Studies, Management Science, and the Accounting Review. Major media outlets such as The Wall Street Journal, The Washington Post, Bloomberg, and National Public Radio have cited her work. She was also one of Poets & Quants Favorite Business Professors of the Class of 2020.