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Does financial constraint affect shareholder taxes and the cost of equity capital?
Chen, Chongyang; Dai, Zhonglan; Shackelford, Douglas A.; … - 2012
Persistent link: https://www.econbiz.de/10009518301
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The dividends received deduction in the corporate income tax and cost of capital
Rumpf, Dominik - 2011
This paper provides a model-based analysis of special tax rules for corporations that invest in stocks of other corporations. To avoid double taxation the returns from such stock investments (dividends and capital gains) are usually tax-exempted or taxed at a reduced tax rate. This allows for...
Persistent link: https://www.econbiz.de/10009751367
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Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?
Chen, Chongyang - 2011
explanation for the heretofore puzzling finding that, following the unprecedented 2003 reduction in dividend tax rates, non-dividend …-paying firms outperformed dividend-paying firms. Not surprisingly, we find that non-dividend-paying firms are more financial … constrained than dividend-paying firms are. When a firm's financial constraint and dividend choice are jointly considered, we find …
Persistent link: https://www.econbiz.de/10013123306
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Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?
Chen, Chongyang - 2011
explanation for the heretofore puzzling finding that, following the unprecedented 2003 reduction in dividend tax rates, non-dividend …-paying firms outperformed dividend-paying firms. Not surprisingly, we find that non-dividend-paying firms are more financial … constrained than dividend-paying firms are. When a firm's financial constraint and dividend choice are jointly considered, we find …
Persistent link: https://www.econbiz.de/10012461488
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The effect of stock market pressure on the tradeoff between corporate and shareholders' tax benefits
Chen, Ming-Chin - In: China journal of accounting research : CJAR 8 (2015) 2, pp. 75-89
The Taiwanese government offers firms that invest in qualified projects in emerging high-tech industries two mutually exclusive tax incentives—a corporate 5-year tax exemption or shareholder investment tax credits. This study examines whether corporate managers take shareholder tax benefits...
Persistent link: https://www.econbiz.de/10011844392
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Corporate tax planning and the payout ratio of firms - is the dividend penalty linked to ETRs?
Olligs, Pia; Tassius, Alexander - In: Capital market effects of taxes and corporate tax avoidance, (pp. 78-109). 2016
Persistent link: https://www.econbiz.de/10011733589
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Tax planning and investment responses to dividend taxation
Koivisto, Aliisa - 2023
Persistent link: https://www.econbiz.de/10014285481
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Taxation of shareholder income and the cost of capital in a small open economy
Sørensen, Peter Birch - 2014
Persistent link: https://www.econbiz.de/10010516779
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Distortive effects of dividend taxation
Lindhe, Tobias; Södersten, Jan - 2013
This paper examines how the distortions caused by dividend taxation depend on whether or not shareholders can recover … their original equity injections without being subject to the dividend tax. We point out the alternative assumptions in the … distortive effects of dividend taxation. …
Persistent link: https://www.econbiz.de/10010126800
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Taxation of shareholder income and the cost of capital in a small open economy
Sørensen, Peter Birch - 2014
When companies finance their investment via the international markets for stocks and bonds, relief from domestic personal taxes on dividends and capital gains will not reduce the cost of capital. Some authors have shown that even for small domestic companies whose shares are not traded...
Persistent link: https://www.econbiz.de/10010438475