Taxes on capital gains are deferred until realization, whereas dividend taxes are levied upon accrual. This often makes … accelerated realizations - then dividend payments can become tax-efficient. This mechanism is appealing because it jointly …

,760 firm-year observations. We prepared regression models for the dividend and investment ratio depending on the company … cash flow hypothesis and signaling theory of dividends. Dividends and investment might be a tool to mitigate managerial … situation. The results contribute to the literature on firms' investment- and dividend-cash flow sensitivity and the order of …

This study aims to determine the effect of dividend policy on investment decisions of a sample of individual investors … of firms' dividend policies on individuals' decisions on investing in stocks were elaborated. The findings of the study … share, dividend policies in the previous years, whether they provide dividend, forms of dividend payment and dividend …

from stocks is the Great Retreat--a 30-year drop in the dividend payout ratio of the leading corporations in the United …