Purpose – This paper aims to contrast the financial costs and benefits of leasing, rather than owning real estate assets. Design/methodology/approach – The main argument is that leasing is beneficial. The hypothesis is tested using a total of 2,343 UK‐quoted companies over the period...

Purpose – The purpose of this paper is to compare the short‐term trading behaviour of A shares owned by domestic investors and their dually‐traded B shares owned by foreign investors, after a period of significant price change. Design/methodology/approach – Given that the fundamentals of...

We test the impact of taxes and governance systems on dividend payouts across countries. We show that, unlike previous studies, firms in strong investor protection countries pay lower cash dividends than in weak protection countries when the classical tax system is implemented, but they...

We analyse the motives and market valuation of voluntarily delisting from the London Stock Exchange. We show that firms that delist voluntarily are likely to have come to the market to rebalance their leverage rather than to finance their growth opportunities. During their quotation life, their...

Purpose – The purpose of this paper is to compare the short-term trading behaviour of A shares owned by domestic investors and their dually-traded B shares owned by foreign investors, after a period of significant price change. Design/methodology/approach – Given that the fundamentals of A...