behavior in a unique environment in which there are no taxes on dividends and capital gains. The absence of taxes in Oman …

behavior in a unique environment in which there are no taxes on dividends and capital gains. We find that overnight drop in the …

and dividends---is incomplete and misleading: it ignores large offsetting equity issuances that move capital from …

distributions - dividends and capital gains. This paper empirically analyzes the influence of the tax preferences of individual and … corporate shareholders for the two corporate distribution types - dividends or capital gains - from 1990 to 2012. In the first … have preferred capital gains and corporate shareholders have preferred dividends. To account for these differences …

-tax factor drives the yield effect and that return variation associated with dividends is caused by the time series variation …

countries over the period from year 1990 to 2008, we find that past dividend payers are more likely to terminate dividends and … that non-payers are less likely to initiate dividends during periods of high political uncertainty. These findings suggest … document that firms with lower market valuation or less liquidity are more likely to initiate dividends during periods of high …

We show that log-dividends (d) and log-prices (p) are cointegrated, but, instead of de facto assuming the stationarity …