We examine the impact of political uncertainty on firms' payout policy. Using a large international sample across 35 countries over the period from year 1990 to 2008, we find that past dividend payers are more likely to terminate dividends and that non-payers are less likely to initiate...

Using a comprehensive international sample of 18,932 firms across 40 countries, we find that cross-country variations in ownership concentration are attributable to differences in firm sizes. Ownership concentration in large firms differs strikingly between countries. For example, large U.S....

Purpose: The purpose of this paper is to examine the dividend payments and share repurchases of dual-class firms that have both their superior voting shares and inferior voting shares publicly traded. Design/methodology/approach: This paper uses matched dual-class and single-class samples from...

Purpose: This study examines the heterogeneous correlations between rural farmers' land renting behavior and their grain production when they experienced a significant price decline. Design/methodology/approach: We used well-timed panel data obtained from a two-round survey held in 2013 and...