Boulton, Thomas J.; Braga-Alves, Marcus V.; Shastri, Kuldeep - In: Journal of Corporate Finance 18 (2012) 4, pp. 968-979
We examine the impact of tax burden on cash distribution using a sample of Brazilian firms, which are allowed by law to distribute cash to shareholders in two forms: dividends and tax-advantaged interest on equity. The Brazilian institutional setting is superior to those used in prior studies...
