model's predictions, cash-flow volatility changes in the opposite direction from that of dividend changes and larger changes …

buybacks optimally. We then explore the implications of various shocks commonly facing them, such as dividend income …, investment, and tax shocks. The latter include corporate income, capital gains, and dividend income taxes. We find that the model …

the dividend policy of REITs plays an important role on the dynamics of the correlation. Dividend payments by Turkish ….S. We argue that both the relationship between dividend payments by REITs and REIT correlation with the stock index is …

models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as … possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …

to a dividend tax is above the old view double-tax one, (iii) the start-up investment is not affected by undervaluation …, but the discouragement engendered by dividend taxation is compensated by realization-based capital gains tax, (iv) with … suggests, (v) without undervaluation, the dividend tax boosts expansion investment. …

This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not … shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative … that the shareholders cannot recover their original equity injections without being subject to the dividend tax …