Purpose –The purpose of this paper is to examine whether the significant dividend tax rate reduction for individual investors in Canada in 2006 affected firms’ payout policies. Design/methodology/approach -Using regression models, the authors examine the impact of the 2006 dividend tax cut...

Purpose – The purpose of this paper is to examine the relationship between a firm's propensity to lease and several firm characteristics: tax position, financial constraint, ownership structure, growth, and size. Design/methodology/approach – Controlling for industry, total lease share,...

Family firms play an important role in many economies around the world. Their governance may be motivated by both financial and nonfinancial concerns. This study investigates whether and how family ownership affects a particular strategic decision: to purchase or lease assets. More specifically,...