This study examines whether CEO regulatory focus (RF) is related to dividend payouts, thus providing some behavioural insights into why some firms pay more or less dividends than others. Regulatory Focus Theory (hereafter RFT) predicts that CEO promotion focus (tendency towards gains and...

This paper shows how main bank rent extraction affects corporate decisions about investment and financing in a changing regulatory environment, and how an equity market boom can ominously increase bank risk during the transition from a relationship-oriented financial system to a...

This paper shows how main bank rent extraction affects corporate decisions about investment and financing during financial regulatory reform. Our model predicts that limited loanable funds can initially contain main bank controlled over-investment, even when new equity is available to the firm....

International cooperation and foreign investment issues are two important components of an international economy. The various aspects of research related to such international cooperation and foreign investment decisions are fraught with various complex factors. In this thesis, we consider two...

International test scores are used to proxy the quality of source country educational outcomes and explain differences in the rate of return to schooling among immigrants in Canada. The average quality of educational outcomes in an immigrant's source country and the rate of return to schooling...