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Did the 2003 Tax Act reduce the cost of equity capital?
Dhaliwal, Dan S.; Krull, Linda; Li, Oliver Zhen - In: Journal of accounting & economics 43 (2007) 1, pp. 121-150
Persistent link: https://www.econbiz.de/10003421159
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Dividend Taxes and Implied Cost of Equity Capital
DHALIWAL, DAN; KRULL, LINDA; LI, OLIVER ZHEN; MOSER, WILLIAM - In: Journal of Accounting Research 43 (2005) 5, pp. 675-708
We estimate firm-level implied cost of equity capital based on recent advances in accounting and finance research and examine the effect of dividend taxes on the cost of equity capital. We investigate whether dividend taxes affect firms' cost of capital by testing the relation between the...
Persistent link: https://www.econbiz.de/10005658654
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Did the 2003 Tax Act reduce the cost of equity capital?
Dhaliwal, Dan; Krull, Linda; Li, Oliver Zhen - In: Journal of accounting & economics 43 (2007) 1, pp. 121
Persistent link: https://www.econbiz.de/10007596809
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Dividend Taxes and Implied Cost of Equity Capital
Dhaliwal, Dan; Krull, Linda; Li, Oliver Zhen; Moser, William - In: Journal of accounting research 43 (2005) 5, pp. 675-708
Persistent link: https://www.econbiz.de/10006545076
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Institutional investors, financial health, and equity valuation
Dhaliwal, Dan S.; Li, Oliver Zhen; Xie, Hong - In: Asia-Pacific journal of accounting & economics : APJAE 17 (2010) 2, pp. 151-173
Persistent link: https://www.econbiz.de/10003994559
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Voluntary nonfinancial disclosure and the cost of equity capital : the initiation of corporate social responsibility reporting
Dhaliwal, Dan S.; Li, Oliver Zhen; Tsang, Albert; Yang, … - In: The accounting review : a publication of the American … 86 (2011) 1, pp. 59-100
Persistent link: https://www.econbiz.de/10008901158
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Voluntary reporting incentives and reporting quality : evidence from a reporting regime change for private firms in Taiwan
Chi, Wuchun; Dhaliwal, Dan S.; Li, Oliver Zhen; Lin, … - In: Contemporary accounting research : a journal of the … 30 (2013) 4, pp. 1462-1489
Persistent link: https://www.econbiz.de/10010247587
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Corporate social responsibility disclosure and the cost of equity capital : the roles of stakeholder orientation and financial transparency
Dhaliwal, Dan S.; Li, Oliver Zhen; Tsang, Albert; Yang, … - In: Journal of accounting and public policy 33 (2014) 4, pp. 328-355
Persistent link: https://www.econbiz.de/10010406654
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Taxes, Leverage, and the Cost of Equity Capital
DHALIWAL, DAN; HEITZMAN, SHANE; LI, OLIVER ZHEN - In: Journal of Accounting Research 44 (2006) 4, pp. 691-723
We examine the associations among leverage, corporate and investor level taxes, and the firm's implied cost of equity capital. Expanding on Modigliani and Miller [1958, 1963], the cost of equity capital can be expressed as a function of leverage and corporate and investor level taxes. Based on...
Persistent link: https://www.econbiz.de/10005294541
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Investor Tax Heterogeneity and Ex-Dividend Day Trading Volume
DHALIWAL, DAN; LI, OLIVER ZHEN - In: Journal of Finance 61 (2006) 1, pp. 463-490
We propose that ex-dividend day excess volume is motivated by tax heterogeneity among investors, and thus is increasing in investor tax heterogeneity. Institutional ownership is our measure of heterogeneity. Since investor heterogeneity is a concave function of institutional ownership, we...
Persistent link: https://www.econbiz.de/10005214829