for different types of investors and market imperfections, including taxes and transaction costs. Design …/methodology/approach – An arbitrage model is developed to determine the possible equilibria for the stock price adjustment, after a dividend … imperfections, such as taxes and transactions costs, implies that there is not a unique equilibrium for the level of stock price …

This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment … of a subset of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003. An open …

relationship between dividends, corporate earnings, real growth and inflation in the USA by applying cointegration techniques. In … dividends. Research limitations/implications – The most important finding of this paper is the indication of a positive … therefore the dividends paid. Independently from the interpretation of the results, inflation should definitely be considered …

particularly difficult in the UK because UK dividends are almost invariably announced simultaneously with information about … conflict with one another - where dividends are increased and earnings decrease or vice versa. The influence of combinations of …

exclusion of dividends understates the benefits of diversification and has an influence on optimum portfolio selection and …