dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the …

tax to the domestic recipients of dividends is shown, in the case of a company with international owners, effectively to …-through dividends from equalization tax to avoid the cumulation of corporation tax internationally. In contrast, classical corporation …

tax on earned income by withdrawing an appropriate amount of dividends instead of wages. The Nordic countries adopted very … different income splitting models, with immediate implications for the tax treatment of dividends. In this article I first …

large panel of non-listed corporations, with a surge of dividends prior to 2006 and a sharp drop after. Mature firms are … more likely to pay dividends, and high asset growth increases the probability of retaining all earnings. Intertemporal … income shifting through the timing of dividends seems to be a drain on internal equity and cause increases in the …

We model a risk-averse firm owner who wants to maximize the intertemporal expected utility of firm’s dividends. The …