optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA …) of the _rm. According to the empirical evidence, we let profitability follow a mean reverting process. The problem is … solved in a quasiexplicit form by computing both the optimal dividend and the optimal debt. Finally, we calibrate the model …

. This paper calculates the possible size of such a green dividend of redistribution in 26 countries and concludes that, for …. If the redistribution introduces inefficiencies that lead to total income losses, the negative green dividend, otherwise …

tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a …

taken place since the early 2000s are driven more by profitability considerations and private entrepreneurship than by …

about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …