Stock buybacks are an important instrument of equity management (in German)

The acquisition of own stock reduces a company's equity capital. At first glance, this makes little sense, as it seems to contradict the purpose of equity financing - raising capital. That this is not the case is proven by the special issue "Share buybacks - myths and facts" of the Audit Committee Quarterly, jointly produced by the Audit Committee Institute and the Deutsches Aktieninstitut.