Taxes and Dividend Policy
This paper examines the effect of differential personal taxation on corporate dividend policy. The temporal pattern of corporate dividend payout and dynamic dividend behavior are examined over a period with significant changes in the tax code. The paper finds that there are structural shifts in the...
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Institutional Knowledge at Singapore Management University
1996
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sg-smu-ink.lkcsb_research-18552010-09-23T06:24:04Z Taxes and Dividend Policy WU, Chunchi This paper examines the effect of differential personal taxation on corporate dividend policy. The temporal pattern of corporate dividend payout and dynamic dividend behavior are examined over a period with significant changes in the tax code. The paper finds that there are structural shifts in the aggregate dividend payout and these shifts often coincide with tax law changes. The empirical results provide a modest support for the hypothesis that the elimination of the preferential capital gains tax treatment in 1986 has a positive impact on the aggregate corporate dividend payout ratio. 1996-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/856 info:doi/10.1016/s1059-0560(96)90035-0 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business |
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Singapore Management University |
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SMU Libraries |
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Asia |
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Singapore Singapore |
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SMU Libraries |
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InK@SMU |
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English |
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Business |
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Business WU, Chunchi Taxes and Dividend Policy |
| description |
This paper examines the effect of differential personal taxation on corporate dividend policy. The temporal pattern of corporate dividend payout and dynamic dividend behavior are examined over a period with significant changes in the tax code. The paper finds that there are structural shifts in the aggregate dividend payout and these shifts often coincide with tax law changes. The empirical results provide a modest support for the hypothesis that the elimination of the preferential capital gains tax treatment in 1986 has a positive impact on the aggregate corporate dividend payout ratio. |
| format |
text |
| author |
WU, Chunchi |
| author_facet |
WU, Chunchi |
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WU, Chunchi |
| title |
Taxes and Dividend Policy |
| title_short |
Taxes and Dividend Policy |
| title_full |
Taxes and Dividend Policy |
| title_fullStr |
Taxes and Dividend Policy |
| title_full_unstemmed |
Taxes and Dividend Policy |
| title_sort |
taxes and dividend policy |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1996 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/856 |
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1770569715594297344 |