Kapitaleinkünften auf die Unternehmensbewertung.An die Stelle der im Halbeinkünfteverfahren angelegten differenzierten Besteuerungvon …

This study examines the dividend clientele hypothesis by focusing on the preferential tax treatment of qualified …

documented in the literature, evidence on the benefits of avoiding high-dividend-paying stocks is less conclusive. We evaluate … the tax benefit of dividend avoidance for quantitative multi-style strategies. We find that dividend avoidance generally … particularly pronounced for strategies with naturally higher dividend yields, such as strategies with a large exposure to the value …

Prior research finds that firms pay special dividends before a dividend tax increase. We examine the real effects of …. When (tax-insensitive) institutional investors likely influence the dividend, for the benefit of shareholders other than … both market responses to tax-motivated special dividend announcements and total factor productivity changes around the …