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Chapter 6. Law and Finance After a Decade of Research

La Porta, Rafael; Lopez-de-Silanes, Florencio; … - 2013

In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...

Persistent link: https://www.econbiz.de/10014025558

Can increasing dividends be a symptom of the financialization of the Polish economy?

Kowerski, Mieczysław - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 4, pp. 1-19

paper tries to answer the question as to whether the increased dividend payments observed in Poland can be a symptom of … companies quoted in the years 1992–2014 on the Warsaw Stock Exchange tend towards the conclusion that the increase of dividend … dividend policy of the companies quoted on the WSE show similar tendencies to those of the developed equity markets, this may …

Persistent link: https://www.econbiz.de/10011617033

The Leverage Ratchet Effect

Admati, Anat R.; DeMarzo, Peter M.; Hellwig, Martin; … - 2013

Firms' inability to commit to future funding choices has profound consequences for capital structure dynamics. With debt in place, shareholders pervasively resist leverage reductions no matter how much such reductions may enhance firm value. Shareholders would instead choose to increase leverage...

Persistent link: https://www.econbiz.de/10010205870

Determinants of dividend smoothing in emerging market: The case of Korea

Jeong, Jinho - In: Emerging Markets Review 17 (2013) C, pp. 76-88

Dividend smoothing is a well-established empirical fact in developed countries. This paper investigates the dividend … developed countries. The empirical evidence shows that the dividend smoothing decision is influenced not only by a firm … of the Lintner model shows that the extent of dividend smoothing in Korean firms is found to be less than that in the U …

Persistent link: https://www.econbiz.de/10010719720

Investor valuations of Japan's adoption of a territorial tax regime : quantifying the direct and competitive effects of international tax reform

Bradley, Sebastien; Dauchy, Estelle; Hasegawa, Makoto - In: International tax and public finance 25 (2018) 3, pp. 581-630

Persistent link: https://www.econbiz.de/10012033106

Harry Grubert's evolving views on international tax policy

Toder, Eric J. - In: National tax journal 72 (2019) 1, pp. 193-214

Persistent link: https://www.econbiz.de/10012036066

Corruption, national culture, law and dividend repatriation policy

Tahir, Muhammad; Haslindar Ibrahim; Abdul Hadi Zulkafli; … - In: Journal of multinational financial management 57/58 (2020), pp. 1-17

Persistent link: https://www.econbiz.de/10012597097

Impact of repatriation taxes and earned/contributed capital mix on dividend repatriation policy : the moderating role of firm financial maturity

Tahir, Muhammad; Haslindar Ibrahim; Abdul Hadi Zulkafli; … - In: International journal of monetary economics and finance … 13 (2020) 2, pp. 146-162

Persistent link: https://www.econbiz.de/10012254282

Repatriation tax costs and U.S. multinational companies' shareholder payouts

Nessa, Michelle L. - In: The accounting review : a publication of the American … 92 (2017) 4, pp. 217-241

Persistent link: https://www.econbiz.de/10011741585

Default prediction around the world : the effect of constraints on pessimistic trading

Maffett, Mark; Owens, Edward; Srinivasan, Anand - 2013

We examine how equity-market frictions that restrict pessimistic trading, such as short-sale constraints, affect assessments of default risk. We find that these frictions decrease the usefulness of equity-market variables for identifying defaulting firms but increase their usefulness for...

Persistent link: https://www.econbiz.de/10010250688

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