Although one of the primary objectives of microfinance has been the reduction of poverty through the provision of credit for income-generating purposes, evidence of its impact on poverty has been mixed. Even if there is no direct impact of microfinance, there may be an indirect positive impact...

Recent studies have sought to call into question the role of information signaling in explaining dividends. We study the role of liquidity in dividend signaling theories as a means of testing dividend signaling models as a class. The dividend signaling literature contains two kinds of models:...

In the aftermath of the 1980s wave of corporate capital restructurings through leveraged buyouts and other means, bondholders have not responded by demanding more protective provisions in their contracts with corporations. In fact, the trend has been toward fewer rather than more restrictive...

Although the Dharmaśāstras were not written as history texts and although they were not written by historians, they deal with matters pertaining to the ordinary life of people. As such, it is legitimate to ask if we can learn anything about the economic situation of the period when these texts...