In this paper, using 3,994 observations of China listed firms between the years 1995 and 2001 as a sample, we find that there is a significantly positive correlation between the state ownership and cash dividends, and a significantly negative correlation between the public ownership and stock...

New economy companies often use convertible and redeemable preferred shares with equity and debt characteristics as financing tools to reduce risk during their early stages of growth. According to relevant accounting standards, such preferred shares should be classified as financial liabilities...

This study investigates the predictability of a fixed uncertainty index (UI) for realized variances (volatility) in the international stock markets from a high-frequency perspective. We construct a composite UI based on the scaled principal component analysis (s-PCA) method and demonstrate that...