Jacob, Martin; Alstadsæter, Annette - arqus - Arbeitskreis Quantitative Steuerlehre - 2013
We study the importance of owner wages and dividends as alternative payout channels in privately held firms. Using data on all Swedish closely held corporations and their owner-managers over the period 2000 - 2009, we find that dividends comprise one-fourth of total payout to owner-managers....