relationship between dividends, corporate earnings, real growth and inflation in the USA by applying cointegration techniques. In … dividends. Research limitations/implications – The most important finding of this paper is the indication of a positive … to their investors. On the other hand, inflation may simply increase the nominal value of corporate earnings and …

dividends. This stability of dividends does not support the predictions suggested by the high bank leverage, absence of taxes … environment where firms distribute almost 100 percent of their profits in dividends, firms are highly levered mainly through bank … loans, there are no taxes on dividends and capital gains, and there is variability in cash dividend payments. These factors …

horizontal and vertical innovation match financial data well due to countercyclical dividends which are either procyclical or … acyclical in US data. Countercyclical dividends redistribute income from consumption towards investment in innovation improving …) countercyclical dividends are the result of high monopoly markups. When markup is lowered from their benchmark 65 percent to 60 or 55 …