empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission …

solved in a quasiexplicit form by computing both the optimal dividend and the optimal debt. Finally, we calibrate the model … particular, our results show that the optimal dividend is smooth over time and that leverage is predominantly constant over time …

. This paper calculates the possible size of such a green dividend of redistribution in 26 countries and concludes that, for …. If the redistribution introduces inefficiencies that lead to total income losses, the negative green dividend, otherwise …

to a dividend tax is above the old view double-tax one, (iii) the start-up investment is not affected by undervaluation …, but the discouragement engendered by dividend taxation is compensated by realization-based capital gains tax, (iv) with … suggests, (v) without undervaluation, the dividend tax boosts expansion investment. …

2005 dividend tax increase via changes in their dividend and investment policies. The Finnish capital and corporate income … tax treatment of different types of firms. The estimation results reveal that those firms that anticipated a dividend tax … hike increased their dividend payouts by 10-50 per cent. This increase was not accompanied by a reduction in investment …

tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a …