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We estimate the tax elasticity of dividends using two recent French reforms: a hike in the dividend tax rate followed …
Persistent link: https://www.econbiz.de/10012858584
This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...
Persistent link: https://www.econbiz.de/10015359782
Share repurchases have become persistent. Firms use cash flow as the primary source of capital to finance repeated share repurchases. This internal financing increases (decreases) retained earnings (paid-in-capital) in the capital structure and weakens the sensitivity of investment to cash flow....
Persistent link: https://www.econbiz.de/10013230309
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The intention of this paper is to examine the relationship between the dividend policy and share prices of companies on … the Macedonian Stock Exchange in order to define whether the dividend policy is a factor determining the share price … decisions were analyzed (10 companies, 11 years, 2006 – 2016). The relationship between the dividend policy and share prices was …
Persistent link: https://www.econbiz.de/10011862135
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did not provide the foundation for the unwinding of family ownership what did? This paper argues that the dividend policy …
Persistent link: https://www.econbiz.de/10014049476
This study examines the dividend payout determinants of travel and leisure companies in five Western European countries …-effects Tobit estimation methodology is used during a 10-year period (2005–2015). In addition to the traditional dividend … dividend tax rate are used. The estimation results demonstrate that company size, profitability, investment opportunities, and …
Persistent link: https://www.econbiz.de/10012898097
into the future. We hypothesize that religious piety leads to a higher likelihood of dividend payments. We exploit the … variation in religious piety across the U.S. counties and estimate the effect of religion on dividend policy. To draw a causal …
Persistent link: https://www.econbiz.de/10012922683