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Corporate liquidity and dividend policy under uncertainty
(2016)
We examine optimal liquidity (retained earnings) and dividend choice incorporating debt financing with risk of default and bankruptcy costs as well as growth options under revenue uncertainty. We revisit the conditions for ...
National Culture and Bank Risk
(2016)
Purpose: Bank risk - taking is essential to bank performance but could become detrimental to the stability of the domestic and global financial system. To control bank risk and potential ruinous consequences, we need to ...