Dividends, Share Repurchases, and Tax Clienteles: Evidence from the 2003 Reductions in Shareholder Taxes
收藏NBER2010-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16129
下载链接
链接失效反馈官方服务：
资源简介：
This paper jointly evaluates firm-level changes in investor composition and shareholder distributions following a 2003 reduction in the dividend and capital gains tax rates for individuals. We find that directors and officers, but not other individual investors, rebalanced their portfolios to
提供机构：
美国国家经济研究局
创建时间：
2010-06-01
