This e-book briefly reviews the principal theories of payout policy and dividend policy and summarizes the empirical evidence on these theories. Empirical evidence is equivocal and the search for new explanation for dividends continues.
Annual Review of Economics
If these restrictions are not adhered to, donors may sue for return of their money—as the Robertson family did in accusing Princeton of mismanaging their gift. Originally intended to educate students at Princeton's Woodrow Wilson School ...
This book will be of interest and understandable to anyone with an interest on where the world’s economy is going.
In this example the factor-based attribution analysis (Table 12.59) provides a similar picture as the Brinson-type ... the previous 12 months and volatility the dispersion of the monthly returns of a stock over the previous 24 months.
Empirical Capital Structure reviews the empirical capital structure literature from both the cross-sectional determinants of capital structure as well as time-series changes.
Campbell, John Y. 1987. “Stock returns and the term structure.” Journal of Financial Economics 18: 373–399. Campbell, John Y. 1991. “A variance decomposition for stock returns.” Economic Journal 101: 157–179. Campbell, John Y. 1993.
Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace.
Focusing on recent developments in the field, American-Style Derivatives provides an extensiv
The Economics of Artificial Intelligence: Health Care Challenges convenes contributions from health economists, physicians, philosophers, and legal scholars to identify the primary barriers to entry for AI in America's biggest industry.