the financial market. Four of the most important factors that affect the stock price are; inflation, GDP, unemployment …, and money supply. This paper shows the different effects of; inflation, GDP, unemployment, and money supply on stock price … unemployment, both have a weak influence on most companies …

", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger … (2015) for U.S. data, we found that the stock market Granger causes unemployment in the short run and the long run when we … control for a deterministic trend in the unemployment rate. Results of a frequency-domain test show that, in the short run …

Modigliani-Miller theory, I show that firm value depends on payout policy. The analysis implies that firms with more stable … driven by dividend smoothing. Thus, the empirical tests of dividend signaling theory might be misspecified …

Modigliani–Miller theory, I show that firm value depends on payout policy. The analysis implies that firms with more stable … driven by dividend smoothing. Thus, the empirical tests of dividend signaling theory might be misspecified …