tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a … corporations' debt-equity ratios. The debt ratios drop sharply after the implementation of the reform. -- Neutral dividend tax …

the S-corporation form of organization. Our study analyzes the effect of this conversion on bank dividend payouts. It also … tax rates based on its choice of organizational form. We document that dividend payouts increase substantially after a … industry structure. -- Tax law ; S corporations ; organizational form ; dividend policy ; sell-offs ; industry structure …

"We exploit demographic variation to identify the effect of dividend demand on firm payout policy. Retail investors … tend to hold local stocks and older investors prefer dividend-paying stocks. Together, these tendencies generate … population are more likely to pay dividends, initiate dividends, and have higher dividend yields. However, the fraction of …

"The Fed model postulates that the dividend or earnings yield on stocks should equal the yield on nominal Treasury … correlation between the yield on nominal bonds and the dividend yield on equities. This positive correlation is often attributed …