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DIVIDEND POLICY AND CAPITAL STRUCTURE UNDER THE IMPUTATION TAX SYSTEM: SOME CLARIFYING COMMENTS
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DIVIDEND POLICY AND CAPITAL STRUCTURE UNDER THE IMPUTATION TAX SYSTEM: SOME CLARIFYING COMMENTS (1992)DIVIDEND POLICY AND CAPITAL STRUCTURE UND…DEBT AND TAXES* (1977)DEBT AND TAXES*Debt and Taxes (1977)Debt and TaxesTaxes, the Cost of Capital and the Theory of Investment (1972)Taxes, the Cost of Capital an…The impact of employee friendly practices on dividend payments: Evidence from emerging economies (2021)The impact of employee friend…The Dividend Substitution Hypothesis: A ustralian Evidence (2015)The Dividend Substitution Hyp…Determinants of a firm's decision to utilize a dividend reinvestment plan and shareholder participation rates: Australian evidence (2014)Determinants of a firm's deci…Impact of Ownership Structure on Debt Equity Ratio: A Static and a Dynamic Analytical Framework (2013)Impact of Ownership Structure…Economic conditions and the motives for multiple open-market share buybacks (2011)Economic conditions and the m…A Measure of the Efficacy of the Australian Imputation Tax System* (2008)A Measure of the Efficacy of …Effects of financial constraints on corporate policies in Australia (2007)Effects of financial constrai…The Dividend Substitution Hypothesis: Australian Evidence (2006)The Dividend Substitution Hyp…The Impact of Family Control of Firms on Leverage: Australian Evidence (2004)The Impact of Family Control …The Choice between Rights-Preserving Issue Methods. Regulatory and Financial Aspects of Issuing Seasoned Equity in the UK (2003)The Choice between Rights-Pre…Determinants of capital structure of australian trading banks (1995)Determinants of capital struc…Australian Tax Changes and Dividend Reinvestment Announcement Effects: A Pre- and Post-Imputation Study (1993)Australian Tax Changes and Di…T he D ividend P uzzle : A n A ustralian S olution ? (1992)T he D ividend P uzzle : A n …The Cost of Capital, Corporation Finance and the Theory of Investment (1958)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**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)Share Valuation and Corporate Equity Policy (1980)The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect (1982)A Preliminary Annual Database 1900/01 to 1973/74 (1977)THE COST OF CAPITAL OF A COMPANY UNDER AN IMPUTATION TAX SYSTEM (1994)Management choice of buyback method: Australian evidence (2010)Corporate Tax Integration in the United States: A General Equilibrium Approach (2016)The Piotroski F‐score: evidence from Australia (2016)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Dividend Policy, Growth, and the Valuation of Shares (1961)The Dividend Puzzle (1976)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)REIT capital structure: is it market imposed? (2006)THE DETERMINANTS OF THE CAPITAL STRUCTURE OF FINANCIAL FIRMS IN NIGERIA: THE FINANCIAL MANAGERS' PERSPECTIVES (2007)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Managerial control of voting rights (1988)Payout policy in the 21st century (2005)Is the market underreacting or overreacting to open market share repurchases? A UK perspective (2011)International Business (2012)Unconventional monetary policy and stock repurchases: Firm-level evidence from a comparison between the United States and Japan (2019)The effect of capital structure on a firm's liquidation decision (1984)Asset pricing and the bid-ask spread (1986)Theory of Financial Decision Making. (1988)The cost of capital, corporation finance and the theory of investment (2008)Determinants of corporate borrowing (1977)Law and Finance (1998)Corporate Ownership Around the World (1999)The Relationship between Family Firms and Corporate Governance* (2006)The General Theory of Employment, Interest and Money. (1936)Financial Constraints and Stock Returns - Evidence from Australia (2009)Political connection, market frictions and financial constraints: evidence from China (2017)Determinants of corporate corruption disclosures: evidence based on EU listed firms (2020)The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications (1995)The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications (1995)Legal Determinants of External Finance (1997)Pre-deal differences in corporate social responsibility and acquisition performance (2022)Employee treatment and corporate investment efficiency: Evidence from China (2023)Macroeconomics and finance: The role of the stock market (1984)Optimal Security Design (1988)The impact of capital structure on the performance of microfinance institutions (2007)
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References

  • 1977DEBT AND TAXES*3,151 cited
  • 1977Debt and Taxes598 cited
  • 1972Taxes, the Cost of Capital and the Theory of Investment45 cited

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  • 2013Impact of Ownership Structure on Debt Equity Ratio: A Static and a Dynamic Analytical Framework

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