This study investigates the relationship between institutional ownership and dividend payout behavior of the firm in Germany. Using a propensity scoring method estimator to control for endogeneity problems, we find evidence that neither institutional ownership nor bank control is statistically...

Using Alabama county data from 1980 and 1990 censuses and store opening dates, this paper presents an econometric study of the impact of the presence of Wal-Mart on black-white income and unemployment differentials. It is posited that Wal-Mart changes the competitive nature of the labor market...

This paper discusses economic development policy in the Yugoslav republics, with particular attention to agricultural production. Previous researchers have suggested that a development strategy of transferring investment resources from the more developed to the less developed republics as well...