The average annual inflation-adjusted amount paid out through dividends and repurchases by public industrial firms is …

-related literature on dividends explores the implications of differential taxes on dividends and capital gains on stocks’ valuation and … role of taxes, asymmetric information, incomplete contracting possibilities, and transaction costs. The tax … firms’ propensity to pay out cash in the form of dividends. The issues investigated in this literature are of central …

the fact that it can take can be a considerable time lag from the time a dividend based trade is made until taxes have to …

distribute cash to shareholders in two forms: dividends and tax-advantaged interest on equity. The Brazilian institutional … setting is superior to those used in prior studies that examine the choice between dividends and capital gains because, in … some cases, dividends provide advantages that outweigh their negative tax consequences, leading firms to rationally choose …