Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
This study examines the effect of dividend tax changes on the share prices and corporate policies of Malaysian REITs.Event study results show that dividend tax cut announcements provide positive abnormal returns.Based on cross-sectional regression, the abnormal returns are found to be larger for REI...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2017
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| Online Access: | https://repo.uum.edu.my/id/eprint/22413/1/PRPRJ%201%2014%202017.pdf |
| _version_ | 1825804742959300608 |
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| author | Wong, Woei Chyuan Taufil Mohd, Kamarun Nisham Abdullah, Nur Adiana Hiau |
| author_facet | Wong, Woei Chyuan Taufil Mohd, Kamarun Nisham Abdullah, Nur Adiana Hiau |
| author_sort | Wong, Woei Chyuan |
| collection | UUM |
| description | This study examines the effect of dividend tax changes on the share prices and corporate policies of Malaysian REITs.Event study results show that dividend tax cut announcements provide positive abnormal returns.Based on cross-sectional regression, the abnormal returns are found to be larger for REITs with a higher retail ownership.The implementation of dividend tax cuts also increases dividend payout and reduce investment activities. These results partly support the traditional view of dividend taxation which posits that tax reform could affect economic efficiency and resource allocation in an economy |
| first_indexed | 2024-07-04T06:20:44Z |
| format | Article |
| id | uum-22413 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:20:44Z |
| publishDate | 2017 |
| publisher | Taylor & Francis Group |
| record_format | eprints |
| spelling | uum-224132017-06-18T08:12:00Z https://repo.uum.edu.my/id/eprint/22413/ Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs Wong, Woei Chyuan Taufil Mohd, Kamarun Nisham Abdullah, Nur Adiana Hiau HJ Public Finance This study examines the effect of dividend tax changes on the share prices and corporate policies of Malaysian REITs.Event study results show that dividend tax cut announcements provide positive abnormal returns.Based on cross-sectional regression, the abnormal returns are found to be larger for REITs with a higher retail ownership.The implementation of dividend tax cuts also increases dividend payout and reduce investment activities. These results partly support the traditional view of dividend taxation which posits that tax reform could affect economic efficiency and resource allocation in an economy Taylor & Francis Group 2017 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/22413/1/PRPRJ%201%2014%202017.pdf Wong, Woei Chyuan and Taufil Mohd, Kamarun Nisham and Abdullah, Nur Adiana Hiau (2017) Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs. Pacific Rim Property Research Journal. pp. 1-14. ISSN 1444-5921 http://doi.org/10.1080/14445921.2017.1303263 doi:10.1080/14445921.2017.1303263 doi:10.1080/14445921.2017.1303263 |
| spellingShingle | HJ Public Finance Wong, Woei Chyuan Taufil Mohd, Kamarun Nisham Abdullah, Nur Adiana Hiau Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs |
| title | Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs |
| title_full | Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs |
| title_fullStr | Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs |
| title_full_unstemmed | Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs |
| title_short | Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs |
| title_sort | announcement effects of dividend tax cuts and corporate policies evidence from malaysia reits |
| topic | HJ Public Finance |
| url | https://repo.uum.edu.my/id/eprint/22413/1/PRPRJ%201%2014%202017.pdf |
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