Impact of Share Buybacks on a Company's Market Capitalization

At present, due to the ongoing sanctions The Russian stock market is experiencing increased volatility, decreased liquidity and significant undervaluation of many companies' shares. To support their stock prices and reduce their volatility, some Russian issuers implement buyback programs, but their results are not always unambiguous. The article summarizes scientific research devoted to the analysis of the reasons, goals and results of share buyback. The conclusions about the effectiveness and expediency of buy-back programs of Russian issuers in modern economic conditions are made on the example of practical case studies.