Why are aggregate equity payouts pro-cyclical?

Huang-Meier, Winifred, Freeman, Mark C orcid.org/0000-0003-4521-2720 and Mazouz, Khelifa (2015) Why are aggregate equity payouts pro-cyclical? Journal of Macroeconomics. pp. 98-108. ISSN 0164-0704


Copyright, Publisher and Additional Information: © 2015 Elsevier Inc. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy.
  • Accepted: 20 January 2015
  • Published (online): 24 February 2015
  • Published: June 2015
Institution: The University of York
Academic Units: The University of York > Faculty of Social Sciences (York) > The York Management School
Depositing User: Pure (York)
Date Deposited: 08 Feb 2017 12:40
Last Modified: 06 Dec 2023 11:41
Published Version: https://doi.org/10.1016/j.jmacro.2015.01.005
Status: Published
Refereed: Yes
Identification Number: https://doi.org/10.1016/j.jmacro.2015.01.005


Filename: Final_Submission_JMacro.pdf

Description: Final Submission JMacro

Licence: CC-BY-NC-ND 2.5