distributions - dividends and capital gains. This paper empirically analyzes the influence of the tax preferences of individual and … corporate shareholders for the two corporate distribution types - dividends or capital gains - from 1990 to 2012. In the first … have preferred capital gains and corporate shareholders have preferred dividends. To account for these differences …

advantageousness of dividends in comparison to capital gains after the reform. …

payouts for a panel of 5,767 firms from 25 countries for 1990-2008. We find robust evidence that the tax penalty on dividends … versus capital gains is statistically significant and negatively related to firms’ propensity to pay dividends, initiate such … payments, and the amount of dividends paid. Our analysis further reveals that an increase in the dividend tax penalty raises …

We study the importance of owner wages and dividends as alternative payout channels in privately held firms. Using data … on all Swedish closely held corporations and their owner-managers over the period 2000 - 2009, we find that dividends … comprise one-fourth of total payout to owner-managers. Dividends are used as a flexible payout channel. Wages are the preferred …

We study the importance of owner wages and dividends as alternative payout channels in privately held firms. Using data … on all Swedish closely held corporations and their owner-managers over the period 2000 - 2009, we find that dividends … comprise one-fourth of total payout to owner-managers. Dividends are used as a flexible payout channel. Wages are the preferred …

advantageousness of dividends in comparison to capital gains after the reform. …

We study the importance of owner wages and dividends as alternative payout channels in privately held firms. Using data … on all Swedish closely held corporations and their owner-managers over the period 2000 - 2009, we find that dividends … comprise one-fourth of total payout to owner-managers. Dividends are used as a flexible payout channel. Wages are the preferred …

advantageousness of dividends in comparison to capital gains after the reform. -- Dividends ; Taxation ; Payout Policy …

distributions—dividends and capital gains.This paper empirically analyzes the influence of the tax preferences of individual and … corporate shareholders for the two corporate distribution types—dividends or capital gains—from 1990 to 2012. In the first years … preferred capital gains and corporate shareholders have preferred dividends. To account for these differences depending on the …