The impact of the dividend tax cut and managerial stock holdings on corporate dividend policy

We examine the impact of the May 2003 dividend tax cut and managerial stock holdings on corporate dividend initiation. We find that executives who hold sizable stakes in their companies become more likely to initiate dividends following this tax cut. The firms that initiate dividends after the tax c...

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Bibliographic details
Volume: 21
Main Author: Nam, Jouahn
Wang, Jun
Zhang, Ge
Format: Journal Article
Language: English
Place of publication: Greenwich Elsevier Inc 2010
Elsevier
Elsevier Science Ltd
published in: Global finance journal Vol. 21; no. 3; pp. 275 - 292
Data of publication: 2010
ISSN: 1044-0283
1873-5665
EISSN: 1873-5665
Discipline: Business
Series: Global Finance Journal
Subjects:
G3
G30
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
CrossRef
ProQuest One Business
ProQuest One Business (Alumni)
Database information Databases - DBIS