These remarks, prepared for the “Issues in Community Economic Development” conference at Western New England College, provide a brief overview of the law and economics literature on urban economic development. I conclude with a set of principles for legislative reform. ∗ Professor of Law and Paul J. Liacos Scholar, Boston University; [email protected].

Levy and Arditti (1973) introduced depreciable assets into the Modigliani and Miller (1958) model, and analyzed the implications for the cost of capital. Assuming that the firm reinvests indefinitely to maintain a constant expected cash flow, they found that depreciation increases the cost of capital before and after tax. Most of their assumptions are maintained. However, commitment to perpetua...

This study aims to interconnect the concept of waqf and social entrepreneurship. Interconnection is viewed from entrepreneurial capital, profit entrepreneurship model. The data were obtained results previous studies analyzed using content analysis method. show that institution obtains financial capital people’s funds. Financial will increase impact public trust as for institutions. Waqf institu...

This paper investigates the supply of Dividend Reinvestment Plans (DRPs) in relation to corporate governance and imputation tax system Australia. Since DRPs are popular among large firms, we compiled data 300 largest companies listed on Australian stock exchange (ASX300) during 2001-2013. Tobit regression method is used estimate models. Results indicate that good leads higher DRPs. We also foun...