As investor and researcher interest in emerging markets increases, the question of the availability and reliability of financial information pertinent to these markets becomes more and more important. This paper examines the availability and quality of accounting information on Malaysian firms...

This study deals with the evolution of the financing of large Canadian companies from 1960 to 1994. Part I shows that there hass been no significant increase in total corporate debt in Canada, as there has been in the U.S. Total indebtness increased between 1960 and 1982 and then declined; by...

Ce rapport Bourgogne récapitule les principaux éléments soulevés lors du symposium sur la finance entrepreneuriale et le capital de risque, organisé à Montréal en avril 2010. Nous avons choisi trois dimensions particulièrement importantes du point de vue des politiques publiques au...

Starting in 1976, the Quebec provincial government has introduced several programs and organisations with the objective of raising equity capital for companies; the Societes de developpement de l'entreprise quebecoise (SODEQ) were followed by the availability of the 'developing company' category...

In 1970, E. Elton and M. Gruber suggested that the price drop on ex-dividend days may be used as an estimator of the tax rate on dividends for the marginal investor. Their statistic is still being used to assess clientele effects for dividends and financial structures as well as the consequences...

This paper deals with the capital structure decision, taking into account agency costs and income taxes. The latter variable is examined in some detail, as both corporate and personal taxes are assumed to be relevant. Empirical tests on 67 Quebec firms suggest that size growth and rate of return...