Project description
Write a well-structured essay, summarising the main positions of ONE of the following papers. To ensure high marks you should embed your own critical view of the paper you choose and indicate by the use of italics any paragraph(s) where you do so.
(a) David Gregory (2013) Private equity and financial stability of the Banks Markets, Bank of England Quarterly Bulletin, Quarter 1, pages 38-47.
OR
(b) A.Brav et al (2005) Payout policy in the 21st Century, Journal of Financial Economics 77:483-527

