The academic research and the practicing of corporatefinance are more challenging and exciting than everbefore. The last decade has seen fundamental changesin financial markets and financial instruments -before the current global depression - and indeedafterwards. On one hand, the changing world offinancial markets including the corporate payoutpolicy makes it more difficult to keep expertise upto date. On the other hand one has to distinguish thepermanent from the temporary and avoid the temptationto following fads. Since 2000 share repurchases have been legalized inSweden, with the purpose to provide companies aprofitable way to distribute capital. Afterannouncing buybacks, companies are subject touncertainty concerning investor?s reaction andeconomic consequences. This book analyzes if sharerepurchases have been developed as a common usedfinancial instrument within the Swedish capitalmarket by verified statements and quantitativefindings. Furthermore this fundamental investigationdeals with a wide range of financial indicators forexplaining underlying economic conditions forrepurchasing own outstanding shares on a sustainablelevel.