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payout channel and are rather sticky. Choice of payout channel and level of payout are affected by dividend and wage taxation …
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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 …
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study suggests the nature of ownership impacts the choice of dividend payout choice. Group affiliated firms are driven by …
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