New evidence on the impact of dividend taxation and on the identity of the marginal investor

This paper examines the impact of a major change in dividend taxation introduced in the United Kingdom in July 1997. The reform was structured in such a way that the immediate impact fell almost entirely on the largest investor class in the United Kingdom, namely pension funds. We find significant c...

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Những tác giả chính: Jenkinson, T, Bell, L
Định dạng: Journal article
Được phát hành: 2002