A new installment of Andrew Karolyi’s Executive Editor blog is now available. This month’s feature, “Ownership and Corporate Financial Policy: Separating Causation from Correlation,” examines “The Effect of Institutional Ownership on Payout Policy: Evidence from Index Thresholds” by Alan Crane, James Weston, and Sébastien Michenaud. Visit the RFS Executive Editor Blog to read the post.
