JUN, AELEE; ALAGANAR, V. T.; PARTINGTON, GRAHAM; … - In: International Review of Finance 8 (2008) 1-2, pp. 21-55
Australian residents are tax-advantaged, relative to American investors, in their access to imputation tax credits on Australian stocks. This paper provides evidence consistent with a difference in dividend valuations between Australian stocks and their American Depositary Receipts (ADRs). The...