Influence of dividend tax policy tied to investment horizon on stock price stability: Evidence from the 2015 dividend tax reform in China

We examine how the dividend tax cut policy tied to the investment horizon enforced on September 8, 2015, influences stock price stability in China's A‐share market. As the new dividend tax policy waives the tax on cash dividends for investors holding a stock for more than a year, it encourages...

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Veröffentlicht in:	International review of finance 2023-09, Vol.23 (3), p.524-552
Hauptverfasser:	Guo, Nianzhi, Sun, Ping‐Wen, Xiao, Huiqin
Format:	Artikel
Sprache:	eng
Schlagworte:	crash risk dividend tax Earnings management Fiscal policy Investments share turnover Stock exchanges stock return volatility Tax cuts Volatility
Online-Zugang:	Volltext
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