Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in … dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the …

monthly observations on real oil prices, real equity prices and real dividends. We confirm the perverse positive relationship … stable negative relationship between oil prices and real dividends which we argue is a better proxy for economic activity (as …

This paper analyses the optimal taxation of dividends and other types of income from portfolio investment. We show that …, in an open economy, it is not desirable to offer double taxation relief for dividends paid by domestic firms to domestic … dividend income at the household level. A reduction of the tax burden on dividends is therefore merely an undesirable subsidy …

reduces the incentives to exert effort in R&D activities. Then, drawing on the signaling role of patents highlighted by the …

CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that …

We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … unobserved by the government, but also by prospective employers. Signaling in both one and two dimensions is considered, where in …