Statistics of Income data for dividend and interest income earned by U.S. households from 1954 to 1980. To illustrate the effects …

In a seminal study, Elton and Gruber (1970) argue that ex-dividend day pricing can be used to infer the marginal tax … to major financing and distribution decisions. We examine ex-dividend day pricing for individual firms and ask whether … their CFOs could use the history of a firm's ex-dividend price-drop to dividend ratios to infer reasonable estimates of …

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 …