This study examines the determinants of profitability using the US Compustat database during the period 1976-2009. The study uses panel data analysis as Generalized Methods of Moments (GMM) dynamic panel models and Quantile regressions. Besides the conventional drivers of profitability a...

We study the tax regulations in relation to dividends and capital gains over the last two decades for the UK in order to determine whether changes in tax regimes affect corporate payout policy (dividends, share repurchases, or a combination). While we can identify investors' tax-driven...

We estimate the effect of ordering by value on revenues in sequential art auctions held by Sotheby's and Christie's. We exploit a pre-determined rotation of which of these two houses holds their auction first during auction week in New York City. When the house that goes first has relatively...

We study the tax regulations in relation to dividends and capital gains over the last two decades for the UK in order to determine whether changes in tax regimes affect corporate payout policy (dividends, share repurchases, or a combination). While we can identify investors' tax-driven...

The paper analyses bank profitability in a sample of UK commercial banks during the period 2007–2018. The models measuring profitability include as dependent variables the Return on Average Assets (ROAA), Return on Average Equity (ROAE) and Net Interest Margin (NIM) while explanatory variables...

The main motivation behind this study is to find out if Economic Value Added (EVA®) is truly the best predictor of share returns and if shareholders should rely on it solely and forget accounting measures as claimed by its founders (Stern Stewart & Co.). This research investigates the...

Using Dutch administrative data, we assess the work and earnings capacity of disability insurance (DI) recipients by estimating employment and earnings responses to benefit cuts. Reassessment of DI entitlement under more stringent criteria removed 14.4 percent of recipients from the program and...

Using Dutch administrative data, we assess the work and earnings capacity of disability insurance (DI) recipients by estimating employment and earnings responses to benefit cuts. Reassessment of DI entitlement under more stringent criteria removed 14.4 percent of recipients from the program and...