model's predictions, cash-flow volatility changes in the opposite direction from that of dividend changes and larger changes …

the dividend policy of REITs plays an important role on the dynamics of the correlation. Dividend payments by Turkish ….S. We argue that both the relationship between dividend payments by REITs and REIT correlation with the stock index is …

In this study we explore how a firm-level dividend tax on redistributed foreign profits affects the financial decisions … find a 23 percent increase in dividend payments and a similar increase in repatriated foreign profits after the repeal of …

The paper analyzes the efficiency costs of dividend taxation in an effort-based corporate agency model in which non …-verifiable managerial effort enhances taxable profits. We show that investment changes following a rise in dividend taxes might not be … sufficient to infer the efficiency cost of dividend taxation as well as the financing regime of the firm that underlies the …

This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not … shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative … that the shareholders cannot recover their original equity injections without being subject to the dividend tax …

We test whether dividend taxes affect corporate investments. We exploit Sweden's 2006 dividend tax cut of 10 percentage … data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash …-constrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among closely …

There is a lack of clear evidence of the ways in which dividend taxation affects dividend distributions and investment … Finnish dividend tax increase of 2005. This reform creates a useful opportunity to measure enterprise behaviour, since it …-in-differences estimation and matching methods, indicate that dividends declined somewhat in closely held corporations that faced a tax increase …

take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the …