We present a synthesis of academic research on corporate payout policy grounded in the
pioneering contributions of Lintner (1956) and Miller and Modigliani (1961). We conclude …

A wide-ranging and original introduction to the Anthropocene (the Age of Humanity) that
offers fresh, theoretical insights bridging the sciences and the humanities From noted …

With their legal personhood, permanent capital, transferable shares, separation of
ownership and management, and limited liability, the Dutch and English colonial trading …

We describe how, during the 17th century, the business corporation gradually emerged in
response to the need to lock in long-term capital to profit from trade opportunities with Asia …

Abstract The English Parliament's struggle for supremacy against monarchical dictatorship
during the Civil War (1642–1648) was crucial for the establishment of representative …

Money is usually understood as a valuable object, the value of which is attributed to it by its
users and which other users recognize. It serves to link disparate institutions, providing a …

The focus of this article is on legal-economic institutions that organized early-modern
Eurasian trade. It identifies two such institutions that had divergent dispersion patterns, the …

The relationship between comparative law and the field of economics is increasingly
important, but controversial. In the legal origins literature, economists have drawn from …

This paper presents a model of path dependence and change and focuses on the gaining of
new institutional knowledge. The main thesis is that in 'extraordinary'historical situations the …

In early American corporations, the power of large shareholders was frequently limited by
voting rules that partially disenfranchised them. In particular, stock held in an individual's …