| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10301 |
| 来源ID | Working Paper 10301 |
| Did Dividends Increase Immediately After the 2003 Reduction in Tax Rates? | |
| Jennifer L. Blouin; Jana Smith Raedy; Douglas A. Shackelford | |
| 发表日期 | 2004-02-16 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduces the maximum statutory personal tax rate on dividends from 38.1 percent to 15 percent. This study analyzes dividend declarations in the quarter following passage. Aggregate dividends rose by 9 percent when boards of directors first met following enactment. Consistent with the dividend changes being tax-motivated, they are increasing in the percentage of the firm held by individuals. Dividend changes also increased with insider ownership, consistent with managers acting in their own interests. However, these results are limited primarily to firms that made large, special dividends. We find little evidence of an increase in regular, quarterly dividend payments. |
| 主题 | Public Economics ; Taxation ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w10301 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567930 |
| 推荐引用方式 GB/T 7714 | Jennifer L. Blouin,Jana Smith Raedy,Douglas A. Shackelford. Did Dividends Increase Immediately After the 2003 Reduction in Tax Rates?. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10301.pdf（639KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
