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On the role of capital gains in Swedish income inequality
Roine, Jesper; Waldenström, Daniel - 2011
Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … surge in capital gains-driven inequality in Sweden since the 1980s. While there are no evident changes in terms of who earns …
Persistent link: https://www.econbiz.de/10010321442
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An Evolutionary Explanation of the Value Premium Puzzle
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Woehrmann, … - Institut für Schweizerisches Bankwesen <Zürich> - 2006
As early as 1934 Graham and Dodd conjectured that excess returns from value investment originate from a tendency of markets to converge towards fundamental values. This paper confirms their insights theoretically within the evolutionary finance model of Evstigneev, Hens, and Schenk-Hopp (2006)...
Persistent link: https://www.econbiz.de/10005858582
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Introducing Capital Structure in a Production Economy : Implications for Investment, Debt and Dividends
Alessandrini, Fabio - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
This model adds to the standard neoclassical model of business fluctuations by introducing a more realistic capital structure problem, where firms have to balance the tax benefits of debt with the costs of potential financial distress. Therefore, firms solve a dynamic problem with both an...
Persistent link: https://www.econbiz.de/10005859002
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Die Modigliani/Miller-Theoreme und Ausschüttungspolitik
Wiese, Jörg - Universität <München> / Fakultät für Betriebswirtschaft - 2006
Der Beitrag diskutiert die Auswirkungen einer nicht-residualen Ausschüttungspolitik aufdie Modigliani/Miller-Anpassungsformeln in einer Welt differenzierter, Dividenden, Zinsenund Kursgewinne unterschiedlich behandelnder persönlicher Steuern. EntsprechendeEinflüsse auf den Zusammenhang...
Persistent link: https://www.econbiz.de/10005869327
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Dividend momentum and stock return predictability: A Bayesian approach
Antolín-Díaz, Juan; Petrella, Ivan; Rubio-Ramírez, … - 2021
empirical practice of omitting dividend growth from the system amounts to imposing the extra restriction that dividend growth is … not persistent. We highlight that persistence in dividend growth induces a previously overlooked channel for return … predictability, which we label "dividend momentum." Compared to estimation based on ordinary least squares, our restricted …
Persistent link: https://www.econbiz.de/10012819002
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LINDA - Longitudinal INdividual DAta for Sweden
Edin, Per-Anders; Fredriksson, Peter - 2000
This paper presents LINDA - a register-based longitudinal data set for Sweden. LINDA consists of a large panel of …
Persistent link: https://www.econbiz.de/10010321802
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Portfolio Allocation over the Life Cycle: Evidence from Swedish Household Data
Andersson, Björn - 2001
This paper provides empirical evidence on life-cycle patterns in the asset allocation of Swedish households. Data on household portfolio allocation are collected from the HINK surveys for the period 1982-1992, and portfolio shares of different asset categories are regressed on age, period, and...
Persistent link: https://www.econbiz.de/10010321812
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The gender gap in workplace authority in Sweden 1968 - 2000: A family affair?
Bygren, Magnus; Gähler, Michael - 2007
We assess whether the gender gap in authority in Sweden has changed during the period 1968–2000, and investigate to …
Persistent link: https://www.econbiz.de/10010317967
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Myopic Loss Aversion, the Equity Premium Puzzle, and GARCH
Ågren, Martin - 2005
This paper concerns the distributional assumptions made on stock returns in the myopic loss aversion (MLA) proposed explanation to the equity premium puzzle. While Benartzi and Thaler (1995) assume temporal independence in these returns, we introduce a more realistic assumption incorporating...
Persistent link: https://www.econbiz.de/10010321544
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The capital gains tax: A curse but also a blessing for venture capital investment
Achleitner, Ann-Kristin; Bock, Carolin; Watzinger, Martin - 2011
This article documents a statistical association between the number and success of venture capital investments and the capital gains tax rate. To do this, we analyze investment data and taxes of 32 countries from 2000 to 2010. In our data, higher capital gains tax rates are associated with fewer...
Persistent link: https://www.econbiz.de/10010306865