Buchanan, Bonnie; Cao, Xuying (Cathy); Liljeblom, Eva; … - 2016
We examine how firms respond to uncertainty around U.S. tax policy changes, namely the individual level tax rate increases set to take effect on January 1, 2011 and January 1, 2013. We provide evidence that firms time the uncertainty in the tax environment and revise their dividend policy to an...