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The taxation of capital gains for Managed Investment Funds in New Zealand was dramatically changed in October 2007, putting these entities on a similar footing to private investors. Prior to this change most private investors were not taxed on capital gains from investments in New Zealand and...
Persistent link: https://www.econbiz.de/10013157091
Frank and Jagannathan (1998) compare ex-dividend drop in share price to the dividend paid in a tax-free environment and argue that market microstructure effects may explain a ratio of less than one. This study examines whether the results are supported in the UK gilt market where tax effects are...
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This paper determines the market value of dividends in the UK during periods before and after 1997. Previous studies, which use the ex-dividend day method, tend to provide noisy and potentially biased measures of dividend value. We estimate the value of dividends from the prices of shares that...
Persistent link: https://www.econbiz.de/10013045490