pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment. Cash …-constrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among closely … dividend tax cut raises efficiency by improving allocation of investment. …

investment and cash balances have increased. In sum, the data provide little basis for the view that short-termism in the EU …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment …. Cashconstrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among … dividend tax cut raises efficiency by improving allocation of investment. …