The Effect of Dividend Tax Policy on Corporate Investment

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Campo DC	Valor	Lengua/Idioma
dc.creator	Jimmy Torrez	-
dc.date	2006	-
dc.date.accessioned	2022-03-17T18:04:42Z	-
dc.date.available	2022-03-17T18:04:42Z	-
dc.identifier	http://www.redalyc.org/articulo.oa?id=63111101	-
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50240	-
dc.description	The Job Growth and Taxpayer Relief Reconciliation Act of 2003 lowered dividend taxes to the same rate as capital gains taxes in the United States using the Pecking Order Theory as a framework. This paper develops a model that examines the effect the tax cut will have on corporate investment. The model finds that the dividend rate tax cut will increase the corporate cost of capital and lower investment. Therefore, any increase in the value of the stock market from this act will simply be a response to an increase in after tax returns and not from an increase in production.	-
dc.format	application/pdf	-
dc.language	en	-
dc.publisher	Centro de Investigaciones Comerciales e Iniciativas Académicas	-
dc.relation	http://www.redalyc.org/revista.oa?id=631	-
dc.rights	Forum Empresarial	-
dc.source	Forum Empresarial (Puerto Rico) Num.1 Vol.11	-
dc.subject	Administración y Contabilidad	-
dc.subject	Corporate Investment	-
dc.subject	Tax Policy	-
dc.subject	Dividends	-
dc.subject	Pecking Order Theory	-
dc.title	The Effect of Dividend Tax Policy on Corporate Investment	-
dc.type	artículo científico	-
Aparece en las colecciones:	Facultad de Administración de Empresas (AACSB Accredited) - EGAE - Cosecha

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