Brav, Alon; Graham, John R.; Harvey, Campbell R.; … - In: Financial Management 37 (2008) 4, pp. 611-624
"We survey 328 financial executives to determine the effects of the May 2003 dividend tax cut. We find that the tax cut led to initiations and dividend increases at some firms. However, executives say that among the factors that affect dividend policy, the tax rate reduction is less important...
