The Board of Directors plays an important role in corporate governance. It is an internal mechanism that controls and monitors the actions of managers and aligns the utility functions between corporate owners and managers. The board of directors performs multiple functions that concern, for...

Using over a half century of data, this empirical study adopts a simple loanable funds to investigate the impact of the federal budget deficits and other factors, chiefly financial market factors, on the <italic>ex post</italic> real interest rate yield on high-grade municipal bonds in the United States. Two...

This study provides new empirical evidence on the impact of the federal budget deficit on the <italic>real</italic> interest rate yields on intermediate-term debt issues of the US Treasury, represented herein by the <italic>ex post</italic> real interest rate yields on 3-year Treasury notes and 7-year Treasury notes, two...

This study empirically extends the Tiebout hypothesis of 'voting with one's feet' in two ways. First, it provides updated estimates using net migration data for the period 2000--2008. Second, in addition to investigating variables reflecting public education outlays, property taxation and income...

This study of the impact of economic freedom, regulatory quality and the relative burden of taxation on the <italic>level</italic> of per capita real income/GDP among OECD nations over the period 2003 to 2007 adopts a modified version of the <italic>overall</italic> economic freedom index computed by the Heritage Foundation...

This empirical study focuses on identifying the key economic factors and other conditions that have influenced the per customer commercial and industrial consumption of electricity in the United States during recent years. Unlike most previous studies, this study uses a 5-year state-level panel...

This exploratory empirical article provides recent evidence on the impact of the US federal budget deficit on the nominal interest rate yield on Moody's Aaa-rated long-term corporate bonds. The study is couched within a loanable funds model that includes an <italic>ex ante</italic> real short-term real interest...

This study empirically investigates the impacts of central government budget deficits and economic freedom on per capita real economic growth in OECD nations over the period 2006-2012. Economic growth is measured by the percentage growth rate of purchasing-power-parity adjusted real per capita...