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Why Does Capital No Longer Flow More to the Industries with the Best Growth Opportunities?
Lee, Dong - 2016
With functionally efficient capital markets, we expect capital to flow more to the industries with the best growth opportunities. As a result, these industries should invest more and see their assets grow more relative to industries with the worst growth opportunities. We find that industries...
Persistent link: https://www.econbiz.de/10012455756
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Bank Payout Policy, Regulation, and Politics
Fahlenbrach, Rüdiger; Stulz, René M. - National Bureau of Economic Research - 2024
Bank payout policy is strongly affected by regulation and politics, especially for the largest banks. Banks, but not … the Global Financial Crisis, bank regulators' influence on payout policies of the largest banks increases sharply and …
Persistent link: https://www.econbiz.de/10015056096