Ownership and Corporate Financial Policy: Separating Causation from Correlation
[This is another of a series of editorials by Executive Editor Andrew Karolyi at the Review of Financial Studies featuring recently published papers at the journal. This editorial features “The Effect of Institutional Ownership on Payout Policy: Evidence from Index Thresholds” by Rice University’s Alan Crane and James Weston and DePaul University’s Sébastien Michenaud, an article in Issue 29(6) for June 2016. It was selected as an Editor’s Choice article… Read More »Ownership and Corporate Financial Policy: Separating Causation from Correlation