Treasury stocks: Evidence from Portuguese listed companies in 2010

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics

The Miller and Modigliani (1961) curiosity awoke the interest of professionals to look into share repurchases. The aim of this study is to analyse how relevant were the treasury stocks in the Portuguese listed companies accounts for 2010. From the sample analysis of the PSI Geral (Portuguese Stock Exchange companies), most of the companies had in their account treasury stocks and half of them traded them during the year. The research contributes to present the reality of the Portuguese listed companies in terms of regulation, disclosures, and financial statement analysis numbers.