✓ checked
trust me, bro:
here is the receipt.
the claim
Share buybacks increase shareholder value.
the verdict
CONTESTED PARTIAL
Recorded sources
3 sources for · 2 against
Is it true that share buybacks increase shareholder value?
Partly. Some sources assert or show in a single case (AutoZone) that buybacks increase shareholder value, while a 2011 study finds buybacks do not always increase shareholder value and a 2021 paper finds they crowd out real investment. The evidence covers the claim only partially and points both ways.
Verdict: CONTESTED PARTIAL · 3 sources for, 2 against · Last checked
Evidence for · 3
Get citation
Wikipedia: Shareholder yield. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Shareholder_yield
Evidence against · 2
Get citation
Increasing Shareholder Value? A Study of Share Repurchases. (2011). doi.org. https://doi.org/10.2139/ssrn.1928994
See more details
More for · 2
Get citation
Valuation of AutoZone: An Ex Post Analysis of Share Repurchases and Shareholder Value Creation. (2025). research.cbs.dk. https://research.cbs.dk/en/studentProjects/33ef0eb1-abf3-4841-b168-ea61d148e5ca
Get citation
Controlling shareholders’ share pledge and share repurchase notices of listed companies. (n.d.). doi.org. https://doi.org/10.1371/journal.pone.0308614
More against · 1
Get citation
Are Stock Buybacks Crowding Out Real Investment? Empirical Evidence from U.S. Firms. (2021). doi.org. https://doi.org/10.2139/ssrn.3871631
Receipt History
held for human review17 Oct 2026
Anyone with this link can read the claim and its public receipt, including any
personal information in that text. Open permanent receipt.
Check your own claim
Challenge the receipt
Requests are recorded for review. This does not start an automatic check
or guarantee a response time.
Citation formatting by citeproc-js (Frank Bennett) and the Citation Style Language project. Source and licenses.
This receipt is an automated verdict against our published method · not an opinion about any author or publication.
Terms · Privacy · How verdicts work
Terms · Privacy · How verdicts work