Russian Abstract: Российские акционерные общества активно используют дивидендную политику для повышения привлекательности выпускаемых ими акций в глазах инвесторов....

During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In Germany, the Small Investor Protection Act became binding in July 2015, with the legislative goal to protect investors engaging in this new asset class. Since then, investors...

During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In Germany, the Small Investor Protection Act became binding in July 2015, with the legislative goal to protect investors engaging in this new asset class. Since then, investors...

We examine the impact of changes in national debt on the mergers and acquisitions (M&As) activity. Although increases in government debt reduces the acquisition likelihood, we find no evidence for the traditional interest rate mechanism. Instead, we document that upsurges in national debt...

This paper examines four issues associated with the Officer model, in the context of estimating the cost of equity capital for regulatory purposes. The conclusions are thus. First, regarding the issue of foreign investors, continued use of a version of the Capital Asset Pricing Model that...

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

The paper aims to examine the effects of global economic policy uncertainty and monetary policy on corporate investment in Vietnam. Furthermore, this study develops a portfolio choice model by incorporating monetary policy, economic policy uncertainty and analyzes the determinants of firms’...

This research examines the impact of the JOBS Act and Regulation A (Reg A) offerings on small and emerging businesses’ access to capital funding. By analyzing data from SEC filings and other sources, the study explores the growth trends, issuer types, and funding status of Reg A filings. The...

We examine the relationship between geopolitical risk (GPR) and corporate investments considering 395 Indian hotel and restaurant industry firms from 2003 to 2020. The choice of this industry is motivated by the fact that they require recurrent investments in fixed assets. We find a...

Considerable research focuses on the aggregate impact of debt financing. We show that equity is empirically more important for firm growth than generally understood. An extra dollar of equity issuance is associated with an extra $0.93 of real assets, whereas an extra dollar of debt issuance is...