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The Added Bonus of Foreign Investments : Global Mutual Funds and Multinational Firm Returns

Jiao, Wei - 2023

We find that active global mutual funds in the U.S. can use foreign information to select U.S. multinationals’ stocks. To invest internationally, these funds collect information from the foreign countries where they invest. Such foreign information helps funds invest in U.S. multinationals...

Persistent link: https://www.econbiz.de/10014350922

Internal Capital Market Inefficiencies, Shareholder Payout, and Abnormal Leverage

Beyer, Brooke - 2018

This study examines internal capital market inefficiencies and U.S. multinational firms' return of capital to shareholders. Using dividends and repurchases to measure the return of capital, we first document a difference in the relations between shareholder payouts and cash held either...

Persistent link: https://www.econbiz.de/10012914188

Tax and Investment Return

Maillard, Didier - 2011

Taxation can be considered central to corporate finance theory, where it contributes to the determination of capital … investments made by savers are subject to often substantial, and at times multiple, taxation. Tax may have a significant impact on … analyses the impact of taxation on investments (financial or non-financial). First, the impact of taxation on the return on …

Persistent link: https://www.econbiz.de/10013117757