search query: @indexterm capital taxation / total: 30
reference: 22 / 30
Author: | Dempsey, M. |
Title: | Investor tax rationality and the relationship between dividend yields and equity returns: an explanatory note |
Journal: | Journal of Banking and Finance
2001 : SEP, VOL. 25:9, p. 1681-1686 |
Index terms: | CAPITAL TAXATION DIVIDENDS INVESTORS STOCK RETURNS |
Language: | eng |
Abstract: | Recently in this journal in an article by Morgan and Thomas (1998), it is contended that the empirically observed relationship between stock returns and dividend yields cannot be reconciled with tax rationality. In response, this present note re-examines the theoretical basis for this conclusion. |
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