Anticipated dividend tax changes, on the other hand, allow firms to engage in inter-temporal tax arbitrage so as to … (accelerate) firms' dividend payments, which leads them to hold higher (lower) cash balances and, for capital constrained firms …In accordance with the traditional view of dividend taxation, new firms raise less equity and invest less the higher …

We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss … of the same level next period. The model is consistent with several features of the data, including equilibrium dividend … policies similar to a Lintner partial-adjustment model; modal dividend changes of zero; stronger market reactions to dividend …

protection. We use new survey data from India, the results of interviews with industry, government and multinational institutions …

. Using India as an example, it then brings together information gathered from both published sources and personal interviews …

tuberculosis drug samples that claim to be made in India and were sold in Africa, India, and five mid-income non-African countries … in India or non-African countries. Since this finding is robust for manufacturer-drug fixed effects, one likely …

, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …