Purpose: This paper aims to document the impact of inadequately educated workforce on the extent of financing obstacles experienced by firms. Design/methodology/approach: The authors use the data provided by the World Bank's Enterprise Surveys to test our arguments. The data were collected...

Purpose: This study examines the effect of dividend policy on the ex ante probability of stock price crash and the ex ante probability stock price jump. Design/methodology/approach: We use the data of publicly listed non-financial firms from France and the ex ante measures of crash and jump...

Purpose: This paper documents the impact of political uncertainty on the decision of private firms to use external auditors to verify their financial statements. Design/methodology/approach: The authors use the data from 141 countries and the pooled logistic regression to test our arguments....