Examining the Impact of the 1986 Tax Reform Act on Corporate Dividend Policy: A New Methodology

K. Mike Casey · Dwight C. Anderson · Hani I. Mesak · Ross N. Dickens

35 citations0/0 files storedFinancial Review

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Financial Analysis and Corporate Governance Corporate Taxation and Avoidance

Abstract

Abstract This article introduces a new methodology to investigate the effects of the 1986 Tax Reform Act (TRA) on corporate dividend policy. The methodology employs a modified version of Rozeff's (1982) model to control for the potential effect of underlying influential variables. The empirical results show there is no widespread reaction to the 1986 TRA passage on the aggregate level of dividends and only modest support for an industry‐related dividend effect. We also find that firm size does not play a significant role in dividend policy reaction to the 1986 TRA.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 35 citations exist upstream.

References

1956DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES 1982GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS 1992Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data 1976The Dividend Puzzle 1974The effects of dividend yield and dividend policy on common stock prices and returns 1978Dividends and taxes 1984Explaining investor preference for cash dividends 1990Shareholder Preferences and Dividend Policy

Cited by

2009The dividend policy of firms quoted on the Nigerian stock exchange: An empirical analysis 2008Anticipating Tax Changes: Evidence from the Finnish Corporate Income Tax Reform of 2005*2017Ownership Structure and Earnings Management of Listed Conglomerates in Nigeria

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.