Corporate Dividend Policy Response to the Tax Reform Act of 1986

George J. Papaioannou and Craig M. Savarese

Financial Management, 1994, vol. 23, issue 1

Abstract: The tax implications of dividend policy on a firm's equity value continues to be a controversial issue in corporate finance. Although some studies indicate that taxes only weakly affect corporate managers' dividend policy decisions, other evidence suggests that investors react to dividend payouts in line with their effective taxation on dividend income and capital gains.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (10)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fma:fmanag:papaioannou94

Access Statistics for this article

Financial Management is currently edited by Bill Christie

More articles in Financial Management from Financial Management Association University of South Florida 4202 E. Fowler Ave. COBA #3331 Tampa, FL 33620. Contact information at EDIRC.
Bibliographic data for series maintained by Courtney Connors ( this e-mail address is bad, please contact ).