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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

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

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

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

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