Abstract In response to a change in interest rates, younger firms not paying dividends adjust both their capital expenditure and borrowing significantly more than older dividends. The reason is that the debt of non-dividend payers far sensitive fluctuations collateral values, which are affected by monetary policy. results robust wide range possible confounding factors. Other channels, including...

corporate support for entrepreneurship is the most important element for the development of corporate entrepreneurship and is considered as one of the main corporate entrepreneurial antecedents. it involves trust in corporate staff and training them for promoting recognition of opportunities, exploring new and valuable resources, innovative productions and profit-making processes. corporate sup...

The article selects listed companies in the non-financial and non real estate industries of China's A-share market from 2010 to 2020 as research samples empirically examine relationship between economic policy uncertainty faced by individual enterprises their financialization. Research has found that significantly suppresses level corporate financialization, social responsibility plays a negati...

We outline a simple model in which optimizing firms choose corporate investment, external financing, and cash holding decisions simultaneously. The model generates predictions for the responsiveness of the above three corporate financial decisions to cash flow shocks and firm misvaluation, as well as new predictions for the crosseffects of misvaluation on the cash flow sensitivities of these co...