Similar Search Results

The Effect of Foreign Dividend Exemption on Profit Repatriation through Dividends, Royalties, and Interest : Evidence from Japan

Hasegawa, Makoto; Kakebayashi, Michi - 2023

on profit repatriation. In 2009, Japan introduced a foreign dividend exemption system (so-called territorial tax system … foreign dividend exemption system decreased the effective tax rate on foreign income repatriated through dividends on average … increased dividend payments, but did not change either royalty or interest payments. As a result, these affiliates increased the …

Persistent link: https://www.econbiz.de/10014354501

Territorial Tax System Reform and Corporate Financial Policies

Arena, Matteo P. - 2014

We examine the effect of a permanent change to a country corporate income repatriation tax system on corporate financial policies. In 2009 Japan and the U.K. switched from a worldwide to a territorial system for the taxation of repatriated foreign earnings. The new system effectively reduces the...

Persistent link: https://www.econbiz.de/10013065274

Global Equity Yields

Soerlie Kvaerner, Jens; Sandoval, Jan - 2023

We construct a panel of global equity yields by modifying the model of Giglio et al. (2021) so it works internationally. We revisit stylized facts about equity yields, primarily based on US data, and provide several new results. On old facts, we study the dynamics of global equity yields, their...

Persistent link: https://www.econbiz.de/10014254722

Non-Linearity in the Dividend Yield : A Comparison of the US and Japan

Humpe, Andreas - 2016

In order to examine non-linear predictability of the US and Japanese dividend-yield ratio, smooth transition regression … of non-linear risk aversion. Our findings support non-linearity in the US and Japanese dividend yield that might be …

Persistent link: https://www.econbiz.de/10012993353

Investor valuations of Japan's adoption of a territorial tax regime : quantifying the direct and competitive effects of international tax reform

Bradley, Sebastien; Dauchy, Estelle; Hasegawa, Makoto - In: International tax and public finance 25 (2018) 3, pp. 581-630

Persistent link: https://www.econbiz.de/10012033106

Real Earnings Management : An International Comparison Based on Differences in Investor Protection

Lenard, Mary Jane - 2013

This paper examines the relation between investor protection and real earnings management. We build on the work of La Porta et al. (2000), who found that countries with different legal systems protect investors differently. Using a sample of more than 13,000 unique firms in over 54 countries,...

Persistent link: https://www.econbiz.de/10013088446

Time-Varying International Diversification and the Forward Premium

Jonen, Benjamin - 2013

This paper reproduces the slope of the uncovered interest rate parity (UIP) regression for ten country pairs within one standard deviation under rational expectations. We propose an infinite horizon dynamic stochastic general equilibrium model with incomplete markets. Heterogenous investors...

Persistent link: https://www.econbiz.de/10013093688