Showing 1 - 10 of 119
Persistent link: https://www.econbiz.de/10011631071
This paper uses British data to examine the effects of dividend taxes on investors' relative valuation of dividends and … radical changes and several minor reforms in British dividend tax policy during the last twenty-five years. Studying the … data on a much broader sample, we find clear evidence that taxes change equilibrium relationships between dividend yields …
Persistent link: https://www.econbiz.de/10012477807
This paper uses British data to examine the effects of dividend taxes on investors' relative valuation of dividends and … radical changes and several minor reforms in British dividend tax policy during the last twenty-five years. Studying the … data on a much broader sample, we find clear evidence that taxes change equilibrium relationships between dividend yields …
Persistent link: https://www.econbiz.de/10012762995
This chapter summarizes the current state of research on how taxation affects household decisions with respect to portfolio structure and asset trading. It discusses long-standing issues, such as the impact of differential taxation of income flows from stocks and bonds on the incentives for...
Persistent link: https://www.econbiz.de/10014024847
Persistent link: https://www.econbiz.de/10012244761
Persistent link: https://www.econbiz.de/10000784202
Persistent link: https://www.econbiz.de/10001195215
Persistent link: https://www.econbiz.de/10002675142
This paper presents evidence on the characteristic speculative dynamics of a wide range of asset returns. It highlights three stylized facts. First, returns tend to be positively serially correlated at high frequency. Second, returns tend to be negatively serially correlated over long horizons....
Persistent link: https://www.econbiz.de/10013228632
Persistent link: https://www.econbiz.de/10003881871