The Effect of Dividend Tax Policy on Corporate Investment
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Redalyc
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad de Puerto Rico
2006
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| _version_ | 1876448475726479360 |
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| author | Jimmy Torrez |
| author_facet | Jimmy Torrez |
| contents | The Effect of Dividend Tax Policy on Corporate Investment Jimmy Torrez Administración y Contabilidad Dividends Tax Policy Corporate Investment Pecking Order Theory The Job Growth and Taxpayer Relief Reconciliation Act of 2003 lowereddividend taxes to the same rate as capital gains taxes in the United Statesusing the Pecking Order Theory as a framework. This paper develops amodel that examines the effect the tax cut will have on corporate investment.The model finds that the dividend rate tax cut will increase the corporatecost of capital and lower investment. Therefore, any increase in the valueof the stock market from this act will simply be a response to an increase inafter tax returns and not from an increase in production. 2006 artículo científico 1541-8561 https://www.redalyc.org/articulo.oa?id=63111101 en http://www.redalyc.org/revista.oa?id=631 Forum Empresarial application/pdf Universidad de Puerto Rico Forum Empresarial (Puerto Rico) Num.1 Vol.11 |
| format | Artículo científico |
| id | redalyc_63111101 |
| institution | Redalyc |
| language | en |
| publishDate | 2006 |
| publisher | Universidad de Puerto Rico |
| spellingShingle | The Effect of Dividend Tax Policy on Corporate Investment Jimmy Torrez Administración y Contabilidad Dividends Tax Policy Corporate Investment Pecking Order Theory The Effect of Dividend Tax Policy on Corporate Investment Jimmy Torrez Administración y Contabilidad Dividends Tax Policy Corporate Investment Pecking Order Theory The Job Growth and Taxpayer Relief Reconciliation Act of 2003 lowereddividend taxes to the same rate as capital gains taxes in the United Statesusing the Pecking Order Theory as a framework. This paper develops amodel that examines the effect the tax cut will have on corporate investment.The model finds that the dividend rate tax cut will increase the corporatecost of capital and lower investment. Therefore, any increase in the valueof the stock market from this act will simply be a response to an increase inafter tax returns and not from an increase in production. 2006 artículo científico 1541-8561 https://www.redalyc.org/articulo.oa?id=63111101 en http://www.redalyc.org/revista.oa?id=631 Forum Empresarial application/pdf Universidad de Puerto Rico Forum Empresarial (Puerto Rico) Num.1 Vol.11 |
| title | The Effect of Dividend Tax Policy on Corporate Investment |
| topic | Administración y Contabilidad Dividends Tax Policy Corporate Investment Pecking Order Theory |
| url | https://www.redalyc.org/articulo.oa?id=63111101 |