In Australia, Government Business Enterprises (GBEs) are in the process of review so that they may eventually be run on commercial lines in a competitive environment. Some of the services that are provided, particularly by the monopolistic utilities, are non‐commercial but are required under...

In the wake of the recent global financial crisis central banks and regulators are concerned about redirection of bailout funds into dividends. Yet, we do not know much about the extent banks follow dividend policies and funding decisions optimal to generating shareholders? wealth because banks...