Taxation and the Cash Flow Sensitivity of Dividends

This paper investigates tax reasons for cross-sectional deviations from the general consensus in literature that a firm's cash flow has a positive effect on dividend payout. We use a large multinational panel data set to show that the positive cash flow sensitivity of dividends is decreasing in dividend taxes

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Year of publication:	2013
Authors:	Jacob, Marcus
Other Persons:	Jacob, Martin (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Cash Flow \| Cash flow \| Dividende \| Dividend

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 118, No. 1, 2013 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 4, 2012 erstellt
Other identifiers:	10.2139/ssrn.2100300 [DOI]
Classification:	G10 - General Financial Markets. General ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies ; H25 - Business Taxes and Subsidies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013090682