Lindop, Sarah; Holland, Kevin - In: Journal of Applied Accounting Research 14 (2013), pp. 203-223
taxation on dividends (dividend tax capitalisation). Despite an extensive theoretical and empirical literature controversy … alternate methods of examining shareholder level taxation of dividends are avoided, e.g. analysis of dividend drop of ratios. … evidence of equity values reflecting shareholder level dividend taxation. In particular, a significant reduction in the …