Why are aggregate equity payouts pro-cyclical?

Winifred Huang-Meier; Mark C Freeman; Khelifa Mazouz

doi:10.1016/j.jmacro.2015.01.005

Why are aggregate equity payouts pro-cyclical?

Winifred Huang-Meier, Mark C Freeman, Khelifa Mazouz

The York Management School

Research output: Contribution to journal › Article › peer-review

Original language	English
Pages (from-to)	98-108
Number of pages	11
Journal	Journal of Macroeconomics
Volume	44
Early online date	24 Feb 2015
DOIs	https://doi.org/10.1016/j.jmacro.2015.01.005
Publication status	Published - Jun 2015

Bibliographical note

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10.1016/j.jmacro.2015.01.005

Final Submission JMacro
© 2015 Elsevier Inc. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Embargo period: 1 months
Accepted author manuscript, 912 KBLicence: CC BY-NC-ND

Cite this

@article{96c890c665614f84a07ea4dbd7997db5,

title = "Why are aggregate equity payouts pro-cyclical?",

author = "Winifred Huang-Meier and Freeman, {Mark C} and Khelifa Mazouz",

note = "{\textcopyright} 2015 Elsevier Inc. This is an author-produced version of the published paper. Uploaded in accordance with the publisher{\textquoteright}s self-archiving policy. ",

year = "2015",

month = jun,

doi = "10.1016/j.jmacro.2015.01.005",

language = "English",

volume = "44",

pages = "98--108",

journal = "Journal of Macroeconomics",