Initial Public Offerings (IPOs) in the world's most important financial markets have been falling for the past decade. This has not been a gentle decline, but a collapse that preceded the 2008 financial crisis and shows no sign of abating. Public companies have been an integral part of developed...

Child care and housing programs in the United States are marked by quality homogeneity, restricted eligibility, rationing, and copayments that increase as recipients' income rises. Why? I show that these programs can best be explained as attempts to reduce the child care or housing 'poverty...

Dual-class firms face great criticism as it is believed that firms choose this structure to expropriate minority shareholders’ wealth. We compare market performance of Chinese dual-class firms with their single-class counterparts by constructing a list of Chinese firms cross-listed on U.S....