SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Dividends, taxes, and common stock prices
7 references·16 citing·45 second hop
Dividends, taxes, and common stock prices (1987)Dividends, taxes, and common stock pricesTax-induced trading around ex-dividend days (1986)Tax-induced trading around ex…The valuation effects of stock splits and stock dividends (1984)The valuation effects of stoc…On interpreting security returns during the ex-dividend period (1984)On interpreting security retu…New Evidence That Taxes Affect the Valuation of Dividends (1984)New Evidence That Taxes Affec…The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect (1982)The Ex-Dividend Day Behavior …The Association Between Market Determined and Accounting Determined Risk Measures. (1970)The Association Between Marke…Marginal Stockholder Tax Rates and the Clientele Effect (1970)Marginal Stockholder Tax Rate…Tax Changes and Asset Pricing (2009)Tax Changes and Asset PricingTaxes and Corporate Finance (2008)Taxes and Corporate FinanceCapital Structure and International Debt Shifting (2006)Capital Structure and Interna…Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex‐Dividend Pricing before and after Decimalization (2003)Do Price Discreteness and Tra…Taxation, Risk-Taking, and Household Portfolio Behavior (2001)Taxation, Risk-Taking, and Ho…Ex-day behavior with dividend preference and limitations to short-term arbitrage: the case of Swedish lottery bonds (1999)Ex-day behavior with dividend…Dividend Taxation in Firm Valuation: New Evidence (1999)Dividend Taxation in Firm Val…Taxes and dividends: The UK evidence (1996)Taxes and dividends: The UK e…The ex-dividend-day behavior of stock prices: the case of Japan (1995)The ex-dividend-day behavior …The Effect of Tax Heterogeneity on Prices and Volume around the Ex-Dividend Day: Evidence from the Milan Stock Exchange (1995)The Effect of Tax Heterogenei…Investors' Heterogeneity, Prices, and Volume around the Ex-Dividend Day (1995)Investors' Heterogeneity, Pri…Ex‐Day Behavior: Tax or Short‐Term Trading Effects (1995)Ex‐Day Behavior: Tax or Short…Closed-end fund premia and returns implications for financial market equilibrium (1995)Closed-end fund premia and re…Ex-Dividend Price Behavior of Common Stocks (1994)Ex-Dividend Price Behavior of…A Market Microstructure Explanation of Ex-Day Abnormal Returns (1992)A Market Microstructure Expla…Corporate Investment and Dividend Decisions under Differential Personal Taxation (1988)Corporate Investment and Divi…The Adjustment of Stock Prices to New Information (1969)Stock returns and the weekend effect (1980)The Effects of Stock Splits on Bid-Ask Spreads (1990)Ex dividend day stock price behavior: discreteness or tax-induced clienteles? (1998)Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes (1998)The Adjustment of Stock Prices to New Information (2003)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)The Reliability of Fair Value versus Historical Cost Information: Evidence from Closed-End Mutual Funds (2003)Activist arbitrage: A study of open-ending attempts of closed-end funds (2009)What explains the dynamics of 100 anomalies? (2015)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Dividend Policy, Growth, and the Valuation of Shares (1961)The Investment, Financing, and Valuation of the Corporation (1963)A Theory of Dividends Based on Tax Clienteles (2000)Exchange Rates and Fundamentals (2005)Measuring security price performance (1980)Volume for Winners and Losers: Taxation and Other Motives for Stock Trading (1986)The behavior of daily stock market trading volume (1989)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Job Market Signaling (1973)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Stock Prices and the Supply of Information (1991)What Do Stock Splits Really Signal? (1996)Tick Size, Share Prices, and Stock Splits (1997)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)Political Uncertainty and Risk Premia (2011)Political risk and international valuation (2015)Government debt and the returns to innovation (2018)The effect of personal taxes and dividends on capital asset prices (1979)Inferring Trade Direction from Intraday Data (1991)Capital Gains Tax Overhang and Price Pressure (2006)Transaction tax and stock market behavior: evidence from an emerging market (2006)DEBT AND TAXES* (1977)Determinants of Corporate Dividend Policy in Jordan: An Application of the Tobit Model (2007)Payout Policy (2014)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Behavior of Stock-Market Prices (1965)Environmental purchasing and firm performance: an empirical investigation (2000)Accounting Discretion, Corporate Governance, and Firm Performance* (2008)The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis (2012)
this work references cited by second hop

References

  • 1970Marginal Stockholder Tax Rates and the Clientele Effect892 cited
  • 1984The valuation effects of stock splits and stock dividends629 cited
  • 1970The Association Between Market Determined and Accounting Determined Risk Measures.573 cited
  • 1982The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect440 cited
  • 1986Tax-induced trading around ex-dividend days331 cited
  • 1984On interpreting security returns during the ex-dividend period296 cited
  • 1984New Evidence That Taxes Affect the Valuation of Dividends287 cited

Cited by

  • 1995Closed-end fund premia and returns implications for financial market equilibrium192 cited
  • 2003Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex‐Dividend Pricing before and after Decimalization188 cited
  • 2009Tax Changes and Asset Pricing178 cited
  • 1995Investors' Heterogeneity, Prices, and Volume around the Ex-Dividend Day173 cited
  • 1994Ex-Dividend Price Behavior of Common Stocks168 cited
  • 2006Capital Structure and International Debt Shifting130 cited
  • 1999Ex-day behavior with dividend preference and limitations to short-term arbitrage: the case of Swedish lottery bonds130 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

2001
Taxation, Risk-Taking, and Household Portfolio Behavior
124 cited
  • 1995The ex-dividend-day behavior of stock prices: the case of Japan122 cited
  • 1996Taxes and dividends: The UK evidence105 cited
  • 1988Corporate Investment and Dividend Decisions under Differential Personal Taxation101 cited
  • 1999Dividend Taxation in Firm Valuation: New Evidence101 cited
  • 1995Ex‐Day Behavior: Tax or Short‐Term Trading Effects99 cited
  • 1992A Market Microstructure Explanation of Ex-Day Abnormal Returns96 cited
  • 2008Taxes and Corporate Finance94 cited
  • 1995The Effect of Tax Heterogeneity on Prices and Volume around the Ex-Dividend Day: Evidence from the Milan Stock Exchange94 cited