Special Episode: What’s Wrong with Buybacks?

Special Episode: What’s Wrong with Buybacks?

Are buybacks bad for business? Should firms buy dividends instead, or just not make payouts?

In this episode of All Else Equal: Making Better Decisions, hosts and finance professors

Jonathan Berk and Jules van Binsbergen debunk myths about buybacks. They explain what a

buyback, or share repurchase, is and why companies choose to use them, as well as the

implications of the Inflation Reduction Act’s proposal to assess a 1% tax on buybacks.


All Else Equal: Making Better Decisions is a podcast produced by Stanford Graduate School of

Business. It is hosted by Jonathan Berk, The A.P. Giannini Professor of Finance at Stanford

GSB, and Jules van Binsbergen, The Nippon Life Professor in Finance, Professor of Finance, at

The Wharton School. Each episode provides insight into how to make better decisions.


Submit your questions to the show here: https://bit.ly/AllElseEqual

Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions


All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


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Episoder(96)

Rerun: Ep15 "Shareholder vs. Stakeholder Capitalism" with Alex Edmans

Rerun: Ep15 "Shareholder vs. Stakeholder Capitalism" with Alex Edmans

For the end of the year, Jules and Jonathan are taking some well-deserved time off, and wanted to rerun a past episode they love for the new audience who has joined since then.Imagine being able to se...

3 Jan 202425min

Rerun: Ep5 "Why You Can't 'Agree to Disagree" with Robert Aumann

Rerun: Ep5 "Why You Can't 'Agree to Disagree" with Robert Aumann

For the end of the year, Jules and Jonathan are taking some well-deserved time off, and wanted to rerun a past episode they love for the new audience who has joined since then.Is it possible to unrave...

27 Des 202335min

Rerun: Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness

Rerun: Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness

For the end of the year, Jules and Jonathan are taking some well-deserved time off, and wanted to re-present a past episode they love for the new audience who has joined since then.Investing in stocks...

20 Des 202329min

Ep36 "Institutional Neutrality: Open Debate and Moral Stands" with John Etchemendy

Ep36 "Institutional Neutrality: Open Debate and Moral Stands" with John Etchemendy

What happens when universities and step off the sidelines and take a stance on contentious issues? Are they boarding a roller coaster that they can’t ever get off? In this episode, hosts and finance p...

29 Nov 202324min

Ep35 “Does Common Ownership Affect Product Market Outcomes?” with Martin Schmalz

Ep35 “Does Common Ownership Affect Product Market Outcomes?” with Martin Schmalz

It turns out your airline ticket prices might be affected by common ownership in mutual and index funds, but how? In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen w...

23 Nov 202327min

Ep34 “Why Has Private Equity Grown So Much?” with Eric Zinterhofer

Ep34 “Why Has Private Equity Grown So Much?” with Eric Zinterhofer

What accounts for the recent growth of private firms? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen welcome Eric Zinte...

1 Nov 202329min

Ep33 How Risky Should Your Retirement Savings Be?

Ep33 How Risky Should Your Retirement Savings Be?

In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen discuss the second half of the retirement equation, after going over how...

19 Okt 202324min

Ep32 “Labor Unions and Detroit Struggle” with Larry Katz

Ep32 “Labor Unions and Detroit Struggle” with Larry Katz

With recent strikes making big news, what are the complexities at hand when Unions become involved in the labor force? Some are well known but other effects, both good and bad, have been less obvious....

5 Okt 202326min

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