This paper analyzes dividend remittances by a large panel of foreign affiliates of U.S. multinational firms. The dividend policies of foreign affiliates, which convey no signals to public capital markets, nevertheless resemble those used by publicly held companies in paying dividends to diffuse common shareholders. Robustness checks verify that dividend policies of foreign affiliates are little...

Over the last decade or so, a number of jurisdictions throughout the developed and developing world have embarked upon major competitively oriented restructurings of their electricity industries. Ontario has recently joined this list. Historically, Ontario Hydro has been the largest state-owned enterprise in Canada, having been created by the government of Ontario in 1906 initially to construct...

In many federations, fiscal equalization schemes soften fiscal imbalances across the member states. Such schemes usually imply that the member states internalize only a small fraction of the additional tax revenue from an expansion of the state-specific tax bases, while the remainder of the additional tax revenue is redistributed horizontally or vertically. We address the question as to which e...

BACKGROUND Pharmaceutical companies are prohibited from marketing medications for off-label uses in both the United States and Canada. In the United States, there have been several recent multi-billion dollar settlements with pharmaceutical companies based, partly, on off-label promotion. Health Canada has not publicized any investigations into, or prosecutions of, pharmaceutical companies for ...

The continuous disclosure compliance of Chinese cross-border companies listed in Australia has long been a concern, as are either frequently delisted or rejected by the Australian Securities Exchange. particularity listings generates information asymmetry between securities regulators based out host jurisdiction and home jurisdiction. This then impacts effectiveness jurisdiction’s supervision e...

Joint-stock cooperative company is not recognized in Commercial Code of Iran and the amendment bill of the Commercial Code adopted in 1968. This business entity has a unique description because of both being cooperative and having joint stock. It is a joint-stock company that is chartered based on Commercial Code of Iran, amendment bill of the Commercial Code adopted in 1968, and Principle 44 o...

this paper examined the charge of circulating assets in common law jurisdiction. the aim was to know the way and basis that it is constituted and to find out its profits for creditors and also to find out its meaning and its impacts in market. the conclusion was that floating charge provides an appropriate security and benefits for the chargee and chargor, where chargee can achieve his benefits...

Expansion of business onto the Internet crosses national borders and creates uncertainty as to the propriety of jurisdiction by the courts of nations and their internal political units. Analysis of jurisdiction in United States law reveals that traditional rules provide guidance for resolving the question of constitutional jurisdiction in cases that cross geopolitical lines.