Deslandes, Manon; Landry, Suzanne; Fortin, Anne - In: International Journal of Managerial Finance 11 (2015) January, pp. 2-22
Purpose –The purpose of this paper is to examine whether the significant dividend tax rate reduction for individual investors in Canada in 2006 affected firms’ payout policies. Design/methodology/approach -Using regression models, the authors examine the impact of the 2006 dividend tax cut...