The Share Price Effects of Dividend Taxes and Tax Imputation Credits
收藏NBER1999-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7445
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资源简介：
We examine the hypothesis that dividend taxes are capitalized into share prices by focusing on investors' implicit valuations of retained earnings versus paid-in equity. Retained earnings are distributable as taxable dividends, whereas paid-in equity is distributable as a tax-free return of capital.
提供机构：
美国国家经济研究局
创建时间：
1999-12-01
