Purpose: We examine the effect of institutional blockholders on the variability of firm performance. Design/methodology/approach: We use OLS regression models to estimate the effect of institutional blockholders on within-firm, over-time variability of firm performance. Findings: We find that...

This article examines the flexibility of the Johnson system of distributions by assessing its per-formance in terms of modeling crop yields for the purpose of setting actuarially fair crop in-surance premiums. Using data from corn farms in Illinois coupled with Monte Carlo simula-tion...

We explore the impact of equity liquidity, leverage deviation and target instability on a firm’s dynamic leverage adjustments in the UK market by using a large sample of daily data over the period from 1996 to 2016. Our analyses document that the firm’s equity liquidity has a positive impact...