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The Effect of Taxes on Conventional Preferred Stock : Evidence from the 2003 JGTRRA Dividend Tax Reduction
Dunbar, Amy E.; Veliotis, Stan - 2011
This study examines the extent to which investor-level taxes affect the pricing and pre-tax returns of securities. Specifically, we investigate whether the pre-tax yield on outstanding conventional preferred stock (CPS) decreased after the 2003 Jobs and Growth Tax Relief Reconciliation Act...
Persistent link: https://www.econbiz.de/10014180580
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Payout policy tax clienteles, ex-dividend day stock prices and trading behavior in Germany : the case of the 2001 tax reform
Haesner, Christian; Schanz, Deborah - In: Journal of business finance & accounting : JBFA 40 (2013) 3/4, pp. 527-563
Persistent link: https://www.econbiz.de/10009761748
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The effect of tax heterogeneity on prices and volume around the ex-dividend day : evidence from the Milan Stock Exchange
Michaely, Roni - In: The review of financial studies 8 (1995) 2, pp. 369-399
Persistent link: https://www.econbiz.de/10001184649
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Stock-market behavior on ex-dates : new insights from German stocks with tax-free dividend
Kreidl, Felix - In: International Journal of Financial Studies : open … 8 (2020) 3/58, pp. 1-21
We examine stock prices and the number of stocks traded around ex-dividend dates of German stocks with tax …-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our … empirical results indicate that ex-date prices decline, on average, by the amount of the dividend. We do not find a significant …
Persistent link: https://www.econbiz.de/10012291925
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Why Some Double Taxation Might Make Sense : The Special Case of Inter-corporate Dividends
Morck, Randall - 2003
Arguments for eliminating the double taxation of dividends apply only to dividends paid by corporations to individuals. The double (and multiple) taxation of dividends paid by one firm to another intercorporate dividends - was explicitly included in the 1930s to eliminate pyramidal corporate...
Persistent link: https://www.econbiz.de/10012469047
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Ex-dividend price behavior of common stocks
Boyd, John H.; Jagannathan, Ravi - 1994
Persistent link: https://www.econbiz.de/10000893109
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Dividend taxes and security prices : the reaction of dividend-paying stocks to the jobs and growth tax relief reconciliation act of 2003
Lightner, Teresa; Ricketts, Robert C.; Wilkinson, Brett R. - In: Advances in taxation 18 (2008), pp. 53-72
Persistent link: https://www.econbiz.de/10003785905
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Tax policy, corporations, and capital market effects
Klautke, Tina - 2009
Persistent link: https://www.econbiz.de/10003823676
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How did the 2003 dividend tax cut affect stock prices?
Amromin, Gene (contributor); Harrison, Paul (contributor);  … - 2006
"We test the hypothesis that the 2003 dividend tax cut boosted U.S. stock prices and thus lowered the cost of equity …-sectional response of prices on high-dividend versus low-dividend paying stocks. We do not find any imprint of the dividend tax cut news … on the value of the aggregate U.S. stock market. On the other hand, high-dividend stocks outperformed low-dividend stocks …
Persistent link: https://www.econbiz.de/10003419600
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Stock price reactions to share repurchase announcements in Germany : evidence from a tax perspective
Pick, Tobias; Schanz, Deborah; Niemann, Rainer - 2009
substitution hypothesis and the dividend clientele effect: High dividend paying companies have smaller positive price reactions … than non-or lower dividend paying companies. …
Persistent link: https://www.econbiz.de/10003908311