We examine stock prices and the number of stocks traded around ex-dividend dates of German stocks with tax …-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our … empirical results indicate that ex-date prices decline, on average, by the amount of the dividend. We do not find a significant …

In 1961, Miller and Modigliani (M-M) published a dividend irrelevance theory, which shows that the payment of dividends …-M became the basis for a common criticism of the theory, and the critics also tried to empirically prove that dividend payments … that a dividend is a compensation for lost capital gains on the first day without a dividend. The aim of the article is to …

This study examines the influence of outsider CEOs on corporate dividend policies, specifically within the framework of … listed on the ASX from 2012 to 2021. The study reveals that outsider CEOs tend to distribute lower dividend payouts; a trend … research contributes significantly to understanding the strategic decision-making of outsider CEOs and their impact on dividend …

present study attempts to capture the impact of dividend distribution tax elimination, introduced through the Indian Finance … Act 2020, on corporate dividend behavior in India. It explores the determinants of dividend payouts, changing payout … decisions, dividend behavior of regular payers, and the prevalence of factors associated with changing payouts. Out of the top …

shareholders. However, due to the weaker investor protections and low dividend payouts of listed firms in China, large shareholders … rights than cash flow rights. An empirical study using the exogenous changes of two rounds of dividend tax reductions reveals …

This paper investigates the relationship between dividend payout and institutional ownership for all Australian listed … dividend-paying firms more than non-paying firms, and for the dividend-paying firms in our sample, institutional investors hold … more shares in the firms who pay higher dividends. We further explore the causality between dividend payout and …

This paper studies the spending response to news about a dividend tax reform to estimate the elasticity of … intertemporal substitution (EIS). The Norwegian dividend tax reform was proposed in 2003, announced in 2004, and implemented in 2006 …, raising the dividend tax rate by 28 percentage points. We compare the spending responses of exposed households to a control …

-2017). The study found unit root, cointegration, and a long-run relationship between dividend and share price series for Indian …