haku: @indexterm Dividends / yhteensä: 268
viite: 32 / 268
| Tekijä: | Gentry, W.M. Kemsley, D. Mayer, C.J. |
| Otsikko: | Dividend taxes and share prices: evidence from real estate investment trusts |
| Lehti: | Journal of Finance
2003 : FEB, VOL. 58:1, p. 261-282 |
| Asiasana: | Company value Dividends Investment trusts Property Share prices Taxation |
| Kieli: | eng |
| Tiivistelmä: | This study avoids some of the complications encountered in previous empirical work by exploiting institutional characteristics of REITs, such as their limited discretion over dividend policy and the relative transparency of REIT assets. The authors regress the market value of equity on the market value of assets and tax basis, which creates tax deductions that lower future dividend taxes without affecting future pretax cash flow. |
SCIMA