Anderson, Hamish; Cahan, Steven; Rose, Lawrence C. - In: Journal of Business Finance & Accounting 28 (2001-06) 5-6, pp. 653-669
A key question in asset pricing is the extent to which tax effects are passed through market prices or are capitalised in them. New Zealand stock dividends provide a useful window into this debate because of (1) the existence of both taxable and non-taxable stock dividends, and (2) the...