This study proposes a generalized partial adjustment model of dividends in which managers set target dividends based on adaptively-formed earnings prospects

The massive rural-to-urban migration is one of the most important features of China’s labor market during the past decades

We investigate collective behavior in corporate bankruptcies and its relationship with business cycle

This study examines the effects of uncertainty on firms’ capital structure dynamics, finding that high-uncertainty firms have substantially lower target leverage while those firms’ leverage adjustment speeds increase only if they are over-levered

This is one of the most comprehensive studies of corporate finance to date, which employs filtering techniques to distinguish between the financing of routine investments and “investment spikes ”

This study investigates whether peer firms affect corporate investment policies, using accounting and stock market data of Chinese manufacturing firms over the period 1999-2013

This paper examines the effects of privatizing pay-as-you-go public pensions on economic and welfare responses to aggregate productivity shocks

This study investigates the relationship between product market competition and market value of innovation using firm-level patent data of US firms over the period 1977-2005

This study considers the role of ownership in consumer choice of service providers in mixed-ownership industries

This study investigates the relation between market liquidity of firms’ shares and their propensity to raise debt in funding large investment requirements