Showing 1 - 10 of 1,352
This paper tests several competing hypotheses about the economic effects of dividend taxation. It employs British data … on security returns, dividend payout rates, and corporate investment, because unlike the United States, Britain has … experienced several major dividend tax reforms in the last three decades. These tax changes provide an ideal natural experiment …
Persistent link: https://www.econbiz.de/10012477739
This paper investigates the effects of increased cash dividend payout, and of "forced realizations~ of capital gains in … States, Great Britain, and Canada suggests that higher dividend tax rates lower consumption. This is consistent with such tax …
Persistent link: https://www.econbiz.de/10012476073
Simple efficient markets models imply that the covariance between prices of speculative assets cannot exceed the covariance between their respective fundamentals unless there is positive information pooling. Positive information pooling occurs when there is more information, in a sense defined...
Persistent link: https://www.econbiz.de/10012476210
In collaboration with a state environmental regulator in India, we conducted a field experiment to raise the frequency … these results and recover the full costs of environmental regulation, we model the regulatory process as a dynamic discrete … costs of environmental regulation are largely reserved for extremely polluting plants. Applying the cost estimates to the …
Persistent link: https://www.econbiz.de/10012458075
and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both … the insurance market (which is the current regulatory practice in India and other developing countries), makes wage …
Persistent link: https://www.econbiz.de/10012458852
results suggest reformed incentives for third-party auditors can improve their reporting and make regulation more effective …
Persistent link: https://www.econbiz.de/10012459403
years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …
Persistent link: https://www.econbiz.de/10012478245
We provide causal evidence that regulatory shocks associated with drug safety label changes lead to aggregate demand declines of 16.9 percent within two years of a relabeling event. After accounting for all plausible substitution patterns by physicians along with competitor actions, aggregate...
Persistent link: https://www.econbiz.de/10012480610
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...
Persistent link: https://www.econbiz.de/10012466463
quantitative estimates of the consequences of government regulation. We estimate the impact of restricting gender-based pricing in …
Persistent link: https://www.econbiz.de/10012466464