Results 71 to 80 of about 2,365,855 (190)
Trademark Protection and Corporate Leasing: Evidence From a Quasi‐Natural Experiment
Financial Review, EarlyView.ABSTRACT Does protection of trademark‐related intangible capital affect firms’ real contracting decisions? We exploit the Federal Trademark Dilution Act of 1996 (FTDA) as a plausibly exogenous strengthening of legal protection to answer the question.
Cathy X. Cao, Chongyang Chen
wiley +1 more source
Residential mobility and mental health. [PDF]
SSM Popul Health, 2023 Wood GA +4 more
europepmc +1 more source
Earnings, Dividend Policy, and Present Value Relations: Building Blocks of Dividend Policy Invariant Cash Flows [PDF]
In a Modigliani-Miller world, price equals the risk-adjusted present value of future dividends and dividend policy is irrelevant for asset pricing. This paper searches for cash flows with two characteristics: asset prices can be calculated from their ...
Bruce N. Lehmann
core
Expected Returns and Expected Dividend Growth [PDF]
, 2002 We develop a consumption-based present value relation that is a function of future dividend growth. Using data on aggregate consumption and measures of the dividend payments from aggregate wealth, we show that changing forecasts of dividend growth make ...
Ludvigson, Sydney C., Lettau, Martin
core +6 more sources
The Interaction Between Credit and Labor Market Frictions
International Economic Review, EarlyView.ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley +1 more source
Stock valuation during the COVID-19 pandemic: An explanation using option-based discount rates. [PDF]
J Bank Financ, 2023 Berkman H, Malloch H.
europepmc +1 more source
Tax Policy and the Dividend Puzzle [PDF]
This paper offers a new explanation of the dividend puzzle, based upon a model in which firms attempt to signal profitability by distrubuting cash to shareholders.
B. Douglas Bernheim
core
How Does Progressivity Affect the Tax Cut Multiplier?
International Economic Review, EarlyView.ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
The Economic Effects of Dividend Taxation [PDF]
This paper tests several competing hypotheses about the economic effects of dividend taxation. It employs British data on security returns, dividend payout rates, and corporate investment, because unlike the United States, Britain has experienced several
James M. Poterba, Lawrence H. Summers
core
Labor Market Monopsony Power and the Dynamic Gains to Openness Reforms
International Economic Review, EarlyView.ABSTRACT We embed labor market monopsony into a dynamic heterogeneous‐firm general equilibrium model with exporting, horizontal FDI, and rich firm lifecycle dynamics. Rising marginal costs with monopsony slow and limit incumbent firm growth in response to liberalization, shifting adjustment to the extensive margin.
Priyaranjan Jha +2 more
wiley +1 more source