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Why Do Companies Pay Dividends?
Feldstein, Martin S.; Green, Jerry - National Bureau of Economic Research (NBER) - 1979
This paper presents a simple model of market equilibrium to explain why firms that maximize the value of their shares pay dividends even though the funds could instead be retained and subsequently distributed to shareholders in a way that would allow them to be taxed more favorably as capital...
Persistent link: https://www.econbiz.de/10005830636
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Inflation and Taxes in a Growing Economy with Debt and Equity Finance
Feldstein, Martin S.; Green, Jerry; Sheshinski, Eytan - In: Research in Taxation
Persistent link: https://www.econbiz.de/10008805426
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Inflation and Taxes in a Growing Economy with Debt and Equity Finance
Feldstein, Martin S.; Green, Jerry; Sheshinski, Eytan - In: Inflation, Tax Rules, and Capital Formation
Persistent link: https://www.econbiz.de/10005601189
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Why Do Companies Pay Dividends?
Feldstein, Martin S. - 2010
This paper presents a simple model of market equilibrium to explain why firms that maximize the value of their shares pay dividends even though the funds could instead be retained and subsequently distributed to shareholders in a way that would allow them to be taxed more favorably as capital...
Persistent link: https://www.econbiz.de/10012763197