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The long-run persistence in dividend policy 股利政策的长期持续性
IF 1.6 1区 历史学
Cliometrica Pub Date : 2024-02-01 DOI: 10.1007/s11698-023-00279-8
Leentje Moortgat, Jan Annaert, Marc Deloof
{"title":"The long-run persistence in dividend policy","authors":"Leentje Moortgat, Jan Annaert, Marc Deloof","doi":"10.1007/s11698-023-00279-8","DOIUrl":"https://doi.org/10.1007/s11698-023-00279-8","url":null,"abstract":"<p>Dividend policy is not set de novo each year, but dividends are smoothed from one year to the next, leading to a short-term persistent component. In this paper, we investigate whether there is also long-run persistence in dividend policy, by using a unique sample of firms listed on the Brussels Stock Exchange since 1824. We show that dividend smoothing leads to a long-term persistent component in dividend policy, as we find evidence that the initial dividend policy, as measured in the first calendar year after listing, has a long-lasting effect on future dividend policy. Although this effect persists for many years, it fades away over time. When this happens, a new slowly changing dividend policy emerges.</p>","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":"38 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139677410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Correction to: The origins of Italian human capital divides: new evidence from marriage signatures, ca. 1815 更正：意大利人力资本鸿沟的起源：来自约 1815 年婚姻签名的新证据
IF 1.6 1区 历史学
Cliometrica Pub Date : 2024-01-31 DOI: 10.1007/s11698-023-00281-0
Marco Martinez
{"title":"Correction to: The origins of Italian human capital divides: new evidence from marriage signatures, ca. 1815","authors":"Marco Martinez","doi":"10.1007/s11698-023-00281-0","DOIUrl":"https://doi.org/10.1007/s11698-023-00281-0","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":"119 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139648492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Numeracy and consistency in age declarations: a case study on nineteenth and twentieth century Catalonia 年龄申报中的数字和一致性：十九世纪和二十世纪加泰罗尼亚的案例研究
IF 1.6 1区 历史学
Cliometrica Pub Date : 2023-12-21 DOI: 10.1007/s11698-023-00277-w
Joana María Pujadas-Mora, Mari Carmen Pérez-Artés
{"title":"Numeracy and consistency in age declarations: a case study on nineteenth and twentieth century Catalonia","authors":"Joana María Pujadas-Mora, Mari Carmen Pérez-Artés","doi":"10.1007/s11698-023-00277-w","DOIUrl":"https://doi.org/10.1007/s11698-023-00277-w","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":"43 7","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138950893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Wages, prices and living standards in Spanish America: evidence from Lima 西班牙美洲的工资、价格和生活水平：利马的证据
IF 1.6 1区 历史学
Cliometrica Pub Date : 2023-12-07 DOI: 10.1007/s11698-023-00278-9
Luis Felipe Zegarra
{"title":"Wages, prices and living standards in Spanish America: evidence from Lima","authors":"Luis Felipe Zegarra","doi":"10.1007/s11698-023-00278-9","DOIUrl":"https://doi.org/10.1007/s11698-023-00278-9","url":null,"abstract":"<p>By relying on information on wages from primary sources, I estimate welfare ratios in Lima in 1757–1819. I use two alternative methods to estimate the subsistence basket and welfare ratios. The results indicate that working families in Lima faced severe difficulties to cover their basic needs if they did not deviate from typical consumption habits. However, they could cover their nutritional and other basic needs if they replaced expensive foods, such as meats and bread, with cheaper sources of nutrients, such as maize flour. An international comparison shows that the welfare ratio in Lima was lower than the ratios in Northern Europe and North America. However, Lima compared well to several important European cities, such as Paris, Munich and Toledo.</p>","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":"30 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138547520","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cliometrics of learning-adjusted years of schooling: evidence from a new dataset 学习调整年限的计量学:来自新数据集的证据
1区 历史学
Cliometrica Pub Date : 2023-09-21 DOI: 10.1007/s11698-023-00276-x
Nadir Altinok, Claude Diebolt
{"title":"Cliometrics of learning-adjusted years of schooling: evidence from a new dataset","authors":"Nadir Altinok, Claude Diebolt","doi":"10.1007/s11698-023-00276-x","DOIUrl":"https://doi.org/10.1007/s11698-023-00276-x","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136236114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Reinventing perished “Belgium of the East”: new estimates of GDP for inter-war Latvia (1920–1939) 重塑灭亡的“东方比利时”：战争期间拉脱维亚GDP的新估计（1920–1939）
IF 1.6 1区 历史学
Cliometrica Pub Date : 2023-08-26 DOI: 10.1007/s11698-023-00275-y
Adomas Klimantas, Zenonas Norkus, J. Markevičiūtė, Ola Grytten, J. Šiliņš
{"title":"Reinventing perished “Belgium of the East”: new estimates of GDP for inter-war Latvia (1920–1939)","authors":"Adomas Klimantas, Zenonas Norkus, J. Markevičiūtė, Ola Grytten, J. Šiliņš","doi":"10.1007/s11698-023-00275-y","DOIUrl":"https://doi.org/10.1007/s11698-023-00275-y","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49524161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Sicilian sulphur and mafia: resources, working conditions and the practice of violence 西西里硫磺和黑手党:资源、工作条件和暴力行为
1区 历史学
Cliometrica Pub Date : 2023-08-19 DOI: 10.1007/s11698-023-00272-1
Carlo Ciccarelli, Alberto Dalmazzo, Tiziano Razzolini
{"title":"Sicilian sulphur and mafia: resources, working conditions and the practice of violence","authors":"Carlo Ciccarelli, Alberto Dalmazzo, Tiziano Razzolini","doi":"10.1007/s11698-023-00272-1","DOIUrl":"https://doi.org/10.1007/s11698-023-00272-1","url":null,"abstract":"Abstract This paper reconsiders the nexus between the abundance of resources and the origins of Sicilian mafia by exploiting a new set of historical data at the municipal level on the Sicilian sulphur industry in the late nineteenth century, obtained from official reports of the Royal Corps of Mining Engineers. Our evidence confirms that sulphur favoured the rise of organized crime, as emphasized in the previous studies. However, we show that the impact of local production on mafia was smaller in the areas richest in sulphur. Moreover, mechanization in the extraction process was associated with lower incidence of mafia. Taken together, our findings suggest that larger lodes encouraged better and more orderly working conditions for the miners, possibly reducing physical and psychic strain and, consequently, their inclination to violence. In other words, the quality of working conditions affected the supply of violent individuals.","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135937463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does the conquest explain Quebec’s historical poverty? The economic consequences of 1760 征服是否解释了魁北克历史上的贫困？1760年的经济后果
IF 1.6 1区 历史学
Cliometrica Pub Date : 2023-08-03 DOI: 10.1007/s11698-023-00274-z
Vincent J. Geloso
{"title":"Does the conquest explain Quebec’s historical poverty? The economic consequences of 1760","authors":"Vincent J. Geloso","doi":"10.1007/s11698-023-00274-z","DOIUrl":"https://doi.org/10.1007/s11698-023-00274-z","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45705634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Confucianism and war mobilization: evidence from Chinese revolutions 儒家思想与战争动员：来自中国革命的证据
IF 1.6 1区 历史学
Cliometrica Pub Date : 2023-07-25 DOI: 10.1007/s11698-023-00273-0
Yang Cai, Sijie Hu, Shengmin Sun
{"title":"Confucianism and war mobilization: evidence from Chinese revolutions","authors":"Yang Cai, Sijie Hu, Shengmin Sun","doi":"10.1007/s11698-023-00273-0","DOIUrl":"https://doi.org/10.1007/s11698-023-00273-0","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44017706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The origins of Italian human capital divides: new evidence from marriage signatures, ca. 1815 意大利人力资本的起源分化:来自婚姻签名的新证据，约1815年
IF 1.6 1区 历史学
Cliometrica Pub Date : 2023-06-22 DOI: 10.1007/s11698-023-00271-2
Marco Martinez
{"title":"The origins of Italian human capital divides: new evidence from marriage signatures, ca. 1815","authors":"Marco Martinez","doi":"10.1007/s11698-023-00271-2","DOIUrl":"https://doi.org/10.1007/s11698-023-00271-2","url":null,"abstract":"","PeriodicalId":44951,"journal":{"name":"Cliometrica","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47849920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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