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Dividend Taxes and International Portfolio Choice
16 references·11 citing·50 second hop
Dividend Taxes and International Portfolio Choice (2010)Dividend Taxes and International Portfoli…Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors (2006)Do Dividend Clienteles Exist?…What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide (2005)What Determines the Domestic …Institutional Holdings and Payout Policy (2005)Institutional Holdings and Pa…Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut (2005)Dividend Taxes and Corporate …Optimal Asset Location and Allocation with Taxable and Tax‐Deferred Investing (2004)Optimal Asset Location and Al…Information costs and home bias: an analysis of US holdings of foreign equities (2004)Information costs and home bi…Do after-tax returns affect mutual fund inflows? (2002)Do after-tax returns affect m…A New Database on the Structure and Development of the Financial Sector (2000)A New Database on the Structu…The quality of government (1999)The quality of governmentCan the Gains from International Diversification Be Achieved without Trading Abroad? (1999)Can the Gains from Internatio…A New Database on Financial Development and Structure (1999)A New Database on Financial D…Wealth and portfolio composition: Theory and evidence (1998)Wealth and portfolio composit…The effect of personal taxes and dividends on capital asset prices (1979)The effect of personal taxes …Dividends and taxes (1978)Dividends and taxesTAXES, MARKET VALUATION AND CORPORATE FINANCIAL POLICY (1970)TAXES, MARKET VALUATION AND C…Proportional Income Taxation and Risk-Taking (1944)Proportional Income Taxation …Do foreign institutional investors monitor opportunistic managerial behaviour? Evidence from real earnings management (2022)Do foreign institutional inve…International investment positions revisited: Investor heterogeneity and individual security characteristics (2019)International investment posi…Owner-Level Taxes and Business Activity (2016)Owner-Level Taxes and Busines…Foreign Portfolio Investment and Shareholder Dividend Taxes (2015)Foreign Portfolio Investment …Dividend Policy and Corporate Social Responsibility: A Comparative Analysis of Multinational Enterprise Subsidiaries and Domestic Firms in Korea (2015)Dividend Policy and Corporate…Do foreign investors improve informational efficiency of stock prices? Evidence from Japan (2014)Do foreign investors improve …Taking the Long Way Home: U.S. Tax Evasion and Offshore Investments in U.S. Equity and Debt Markets (2013)Taking the Long Way Home: U.S…International diversification during the financial crisis: A blessing for equity investors? (2013)International diversification…U.S. International Equity Investment (2012)U.S. International Equity Inv…The Dividend Clientele Hypothesis: Evidence from the 2003 Tax Act (2012)The Dividend Clientele Hypoth…Financial market development, monetary policy and financial stability in emerging market economiesFinancial market development,…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)Risk, Return, and Equilibrium: Empirical Tests (1973)Fundamentals and Stock Returns in Japan (1991)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Liquidity and stock returns: An alternative test (1998)Legal Determinants of External Finance (1997)Law and Finance (1998)Investor protection and corporate governance (2000)Home Bias, Foreign Mutual Fund Holdings, and the Voluntary Adoption of International Accounting Standards (2006)Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions (2009)The world price of liquidity risk (2010)Dividend Policy, Growth, and the Valuation of Shares (1961)Job Market Signaling (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Some anomalous evidence regarding market efficiency (1978)Efficient Capital Markets: II (1991)Is Information Risk a Determinant of Asset Returns? (2002)Corporate Ownership Around the World (1999)Emerging markets finance (2003)Do Domestic Investors Have an Information Advantage? Evidence from Indonesia (2005)The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom (2006)The Logic of Collective Action. (1966)Foundations of social theory (1990)Making democracy work: civic traditions in modern Italy (1993)Fractionalization (2003)Does Culture Affect Economic Outcomes? (2006)The Colonial Origins of Comparative Development: An Empirical Investigation: Reply (2012)Financial Development and Economic Growth: Views and AgendaFinance and Growth: Schumpeter Might Be Right (1993)Financial Dependence and Growth (1996)What Drives Bank Competition? Some International Evidence (2004)Bank concentration, competition, and crises: First results (2005)Financial and Legal Constraints to Growth: Does Firm Size Matter? (2005)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Large Shareholders and Corporate Control (1986)Agency costs of free cash flow, corporate finance, and takeovers (1996)The evolving relation between earnings, dividends, and stock repurchases (2007)Corporate Governance and Institutional Ownership (2010)Is working capital management value-enhancing? Evidence from firm performance and investments (2014)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Does Academic Research Destroy Stock Return Predictability? (2015)INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION (1975)On the Measurement of Poverty (1987)Capital tax competition: bane or boon (2003)Bank regulation and supervision: what works best? (2003)What matters for financial development? Capital controls, institutions, and interactions (2005)Private credit in 129 countries☆ (2007)
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References

  • 1999The quality of government5,695 cited
  • 2000A New Database on the Structure and Development of the Financial Sector1,712 cited
  • 1999A New Database on Financial Development and Structure1,271 cited
  • 1979The effect of personal taxes and dividends on capital asset prices1,212 cited
  • 2005What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide893 cited
  • 2004Information costs and home bias: an analysis of US holdings of foreign equities816 cited
  • 1970TAXES, MARKET VALUATION AND CORPORATE FINANCIAL POLICY796 cited
  • 1944Proportional Income Taxation and Risk-Taking786 cited
  • 1978Dividends and taxes760 cited
  • 2005Institutional Holdings and Payout Policy756 cited
  • 2005Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut522 cited
  • 2006Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors492 cited
  • 1999Can the Gains from International Diversification Be Achieved without Trading Abroad?365 cited
  • 2002Do after-tax returns affect mutual fund inflows?312 cited
  • 2004Optimal Asset Location and Allocation with Taxable and Tax‐Deferred Investing

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287 cited
  • 1998Wealth and portfolio composition: Theory and evidence267 cited
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    • 2015Dividend Policy and Corporate Social Responsibility: A Comparative Analysis of Multinational Enterprise Subsidiaries and Domestic Firms in Korea31 cited
    • 2012U.S. International Equity Investment30 cited
    • 2012The Dividend Clientele Hypothesis: Evidence from the 2003 Tax Act28 cited
    • 2015Foreign Portfolio Investment and Shareholder Dividend Taxes27 cited
    • 2016Owner-Level Taxes and Business Activity26 cited
    • 2022Do foreign institutional investors monitor opportunistic managerial behaviour? Evidence from real earnings management24 cited
    • 2019International investment positions revisited: Investor heterogeneity and individual security characteristics24 cited
    • n.d.Financial market development, monetary policy and financial stability in emerging market economies16 cited