In a sample of 22,374 firms from 35 countries, we examine the role of creditor rights, shareholder rights, and corporate governance in determining corporate dividend policy. We find that, while all three variables play a significant role in determining both the likelihood and the dividend...

Purpose – The purpose of this research is to examine whether corporate governance changes along the corporate life-cycle. Design/methodology/approach – In a sample of 205 firms from 21 emerging market countries and using a life-cycle proxy from the dividends literature, we use a...

Purpose – We explore the relationship between corporate governance and firm value at different stages of the corporate life-cycle. Design/methodology/approach – We use two measures, commonly employed in the literature, to differentiate between “immature” and “mature” firms, and...

In this study, we evaluated investment in a utility-scale solar power plant using a real-option approach (ROA). Despite the fact that ROAs have been widely applied in the literature, the deferring option for a utility-scale power plant has not been fully examined, especially in the context of...

Purpose – The purpose of this research is to examine whether corporate governance changes along the corporate life-cycle.Design/methodology/approach – In a sample of 205 firms from 21 emerging market countries and using a life-cycle proxy from the dividends literature, we use a...

In a sample of 22,374 firms from 35 countries, we examine the role of creditor rights, shareholder rights, and corporate governance in determining corporate dividend policy. We find that, while all three variables play a significant role in determining both the likelihood and the dividend...