Dividend taxes and implied cost of equity capital
Article Abstract:
Firm-level implied cost of equity capital is estimated and the effect of dividend taxes on the cost of equity capital is examined. The results suggest a positive relation between the implied cost of equity capital and the tax-penalized portion of dividend yield.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2005
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Taxes, leverage, and the cost of equity capital
Article Abstract:
An empirical analysis of the effect of corporate and investor level taxes and leverage on the firms implied cost of equity capital, is presented.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2006
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Investor tax heterogeneity and ex-dividend day trading volume
Article Abstract:
A study demonstrating that tax heterogeneity among investors leads to excess of ex-dividend day trading volume, is presented.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2006
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