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Corporate self-financing and the theory of the business cycle

Author

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  • Giancarlo Mazzocchi

    (Assistant at the Department of Economic Sciences of the Catholic University of the Sacred Heart)

Abstract

Continuing the analysis of his own article published in RISS, 1954, 3, Giancarlo Mazzocchi focuses this contribution on Corporate Income Retention: 1915-1943 written by S.P. Dobrovolsky. He focuses on the relation between the wide fluctuations in net income and retained income, which generally conform with changes in overall economic conditions. The author discusses whether propensity to save – in large, medium-size, and small corporations – is more or less stable, and such as to justify its utilization in macroeconomic modelling; in this context he analyses the effect of dividend requirements on profit retention policy and highlight the importance of reliably processed data on corporate dividend policies.

Suggested Citation

  • Giancarlo Mazzocchi, 2013. "Corporate self-financing and the theory of the business cycle," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(3-4), pages 425-436.
    • Handle: RePEc:vep:journl:y:2013:v:121:i:3-4:p:425-436
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    More about this item

    Keywords

    Corporations; Corporate Saving; Dobrovolsky; Keynes; Vito; Cohen; Mills; Hansen; Curry; Sayers; Blom; Metzler; Di Nardi; Woytinsky; Rosa; Lintner; Vianelli; Tinbergen; Anderson jr.; J.G. Smith; Humphrey; Fanno; Guidotti;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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