greater competitive threats from rival firms in product markets. However, the real effects of dividend policy on product … market outcomes are not widely understood. This paper investigates the causal effects of dividend policy on sales growth in … product markets. Exploiting the 2003 dividend tax cut as the exogenous shock to dividend policy and the cross-firm variation …

timely measures of uncertainty and expected growth across horizons. Asset prices, such as dividend futures and index options … by using new data on the prices of options on index-level dividends, from which we can compute implied dividend … volatility. These implied volatilities differ from the VIX which measures uncertainty about stock prices, not only uncertainty …

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Many contributions in the recent literature have investigated over the relationship between growth and its volatility … without getting a clear and unambiguous answer. Besides reassessing the well-known effect of output volatility on growth as … benchmark analysis, this study aims at looking into the "black box" of the business cycle volatility by disentangling the …