Innovation in Corporate Finance: Enhancing Share Buy-Backs with derivatives: Defining opportunities for innovative share buy-back solutions in the Netherlands from an international perspective

This thesis describes extensively the forthcomings of my research project on innovative share buy-backs with ABN AMRO Rothschild (AAR), in partial fulfilment of the Master of Science degree. Globally, share buy-backs are becoming increasingly dominant instruments in corporate pay-out strategies (shareholder remuneration), next to the traditional dividend. In this research project I explore the popularity of share buy-backs, with specific attention to the Netherlands and the US, but other than prior research, I also look ahead. Throughout the project I focussed on the future of share buy-backs in the Netherlands, by defining emerging trends in corporate pay-out strategies, and assessing the potential benefits of using innovative (derivative-based) share buy-back strategies, that have already been used frequently in the US