... the relationship between common ownership and the cost of equity. Findings Common institutional ownership has a beneficial, synergistic and monitoring role in reducing a firm’s cost of equity capital in the Chinese emerging market. Lowering business risks, reducing information risk and mitigating agency...

...Khaled Elkhal Purpose The purpose of this paper is to examine the nature of the relationship between business risk and financial leverage. While past theoretical and empirical studies on this topic use similar variables, overall, their findings are inconclusive. In this paper, the author contends...

... of both the probability of paying a dividend and the amount of dividend payment. It also provides evidence that the route through which market power affects the dividend decision is business risk: firms with less market power are riskier and hence less likely to pay dividends than firms with more market...