United States, Great Britain, and Canada suggests that higher dividend tax rates lower consumption. This is consistent with …This paper investigates the effects of increased cash dividend payout, and of quot;forced realizations~ of capital …

States, Great Britain, and Canada suggests that higher dividend tax rates lower consumption. This is consistent with such tax …This paper investigates the effects of increased cash dividend payout, and of "forced realizations~ of capital gains in …

Canada (S&P/TSX composite index firms), supporting a dividend tax premium being capitalized into stock returns. While our … results are consistent with previous US studies, these findings were not obvious at the outset because in Canada the taxation … dividend and capital gains tax rates is substantially smaller relative to the differences used in the long time series US …

We investigate the ex-dividend behaviour of TSX listed Canadian firms during a period when both U.S and Canadian … governments cut taxes on dividend income. We test whether the tax differential between dividends and capital gains affects the … stock price drop ratio on ex-dividend date. Using quarterly dividend date from 2002-2007, we also investigate the existence …

take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the … stable. -- Capital income taxation ; dividend policy ; effective marginal tax rates ; financial constraints …

take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the … stable. -- capital income taxation ; dividend policy ; effective marginal tax rates ; financial constraints …

take into account financial constraints on dividend policy faced by firms investing in both the United States and the … United Kingdom. The paper incorporates financial constraints on dividend policy into the analytical framework for the …