Due to its distinctive institutional background, Oman offers a valuable opportunity to investigate the stability of the dividend policy. In Oman, (1) there are no taxes on dividends, (2) firms are highly levered mainly through bank loans, (3) there is a high concentration of stock ownership and...

We investigate the impact of pre-issue ownership structure on the key decisions surrounding an IPO. We find that managerial ownership is significantly related to (1) the proportion of shares offered, (2) share allocation, and (3) direct issue-related expenses. This suggests that pre-IPO...

This paper addresses three methodological problems in previous studies of bankruptcy models using MDA and logit/probit techniques: (i) the use of choice-based and equally distributed samples in model estimation and validation; (ii) the use of arbitrary cut-off probabilities; and, (Hi) the...

This paper provides Australian evidence of the comparative forecasting power of the three inflation models (interest rate, time series, and survey forecasts). In particular, it examines the rationality (in the Muthian sense) of the survey forecasts.The following results are obtained: first, the...