search query: @indexterm capital taxation / total: 30
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| Author: | Erickson. M. E. Maydew, E. L. |
| Title: | Implicit taxes in high dividend yield stocks. |
| Journal: | Accounting Review
1998 : OCT, VOL. 73:4, p.435-458 |
| Index terms: | Dividends Capital taxation Stock returns |
| Language: | eng |
| Abstract: | The authors compare each security to itself before and after an unexpected change in the manner in which dividends are taxed to corporate investors. They find strong evidence of implicit taxes in preferred stocks. Extensive testing using the same event date indicates no similar implicit tax effect exists in common stocks. |
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