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Asymmetry in the dividend behavior of US and Japanese firms

โœ Scribed by Masao Nakamura


Book ID
112143034
Publisher
John Wiley and Sons
Year
1989
Tongue
English
Weight
968 KB
Volume
10
Category
Article
ISSN
0143-6570

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This paper compares the cyclicaf and secular behavior of Japanese and US inventories at the aggregate and sectoral level, t 967-l 987. While, as is well known, US inventories are sharply procyclical, Japanese inventories are onfy mildly procyclical. In neither country do inventory and sales move tog