DIVIDEND POLICY AND VALUATION EFFECTS OF THE TAX REFORM ACT OF 1986

This study examines the effects of the Tax Reform Act of 1986 on shareholder wealth and dividend policy. Examination of 1160 U.S. firms traded on the New York and American Stock Exchanges indicates that high yield stocks significantly outperformed low yield stocks when the final terms of tax reform...

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Veröffentlicht in:	National tax journal 1991-12, Vol.44 (4), p.511-518
Hauptverfasser:	BOLSTER, PAUL J., JANJIGIAN, VAHAN
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital gains Dividend policy Dividends Effects Federal taxes Income taxes Investors Mathematical analysis Payout ratios Shareholders wealth Studies Tax policy Tax rates Tax reform Tax Reform Act 1986-US Yield
Online-Zugang:	Volltext
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