Tax Policy and the Dividend Puzzle
收藏NBER1990-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3434
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资源简介：
This paper offers a new explanation of the dividend puzzle, based upon a model in which firms attempt to signal profitability by distrubuting cash to shareholders. I assume that dividends and repurchases are identical, except that dividends are taxed more heavily. Nevertheless, I demonstrate that,
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美国国家经济研究局创建时间：
1990-09-01
