Author: Laurence Earl Blose
Publisher:
ISBN:
Category : Dividends
Languages : en
Pages : 178
Book Description
The Influence of Dividend Taxes on the Price of Public Utility Stock
Author: Laurence Earl Blose
Publisher:
ISBN:
Category : Dividends
Languages : en
Pages : 178
Book Description
Publisher:
ISBN:
Category : Dividends
Languages : en
Pages : 178
Book Description
Effects of Dividend Payout Ratio on Common Stock Market Price of Selected Public Utilities
Author: Joseph Lawrence McCallus
Publisher:
ISBN:
Category :
Languages : en
Pages : 132
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 132
Book Description
The Economic Effects of Dividend Taxation
Author: Kenneth James McKenzie
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 40
Book Description
Rate of Return Under Regulation
Author: Harry Martin Trebing
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 248
Book Description
Cover title.
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 248
Book Description
Cover title.
Tax Exempt Dividends of Utilities--their Origin and Effect on Stock Prices
Author: Richard Barry Slifka
Publisher:
ISBN:
Category :
Languages : en
Pages : 124
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 124
Book Description
Energy Abstracts for Policy Analysis
Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 724
Book Description
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 724
Book Description
Corporate Payout Policy
Author: Harry DeAngelo
Publisher: Now Publishers Inc
ISBN: 1601982046
Category : Corporations
Languages : en
Pages : 215
Book Description
Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.
Publisher: Now Publishers Inc
ISBN: 1601982046
Category : Corporations
Languages : en
Pages : 215
Book Description
Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.
Taxing Corporate Income in the 21st Century
Author: Alan J. Auerbach
Publisher: Cambridge University Press
ISBN: 1139464515
Category : Business & Economics
Languages : en
Pages : 401
Book Description
This book was first published in 2007. Most countries levy taxes on corporations, but the impact - and therefore the wisdom - of such taxes is highly controversial among economists. Does the burden of these taxes fall on wealthy shareowners, or is it passed along to those who work for, or buy the products of, corporations? Can a country with high corporate taxes remain competitive in the global economy? This book features research by leading economists and accountants that sheds light on these and related questions, including how taxes affect corporate dividend policy, stock market value, avoidance, and evasion. The studies promise to inform both future tax policy and regulatory policy, especially in light of the Sarbanes-Oxley Act and other actions by the Securities and Exchange Commission that are having profound effects on the market for tax planning and auditing in the wake of the well-publicized accounting scandals in Enron and WorldCom.
Publisher: Cambridge University Press
ISBN: 1139464515
Category : Business & Economics
Languages : en
Pages : 401
Book Description
This book was first published in 2007. Most countries levy taxes on corporations, but the impact - and therefore the wisdom - of such taxes is highly controversial among economists. Does the burden of these taxes fall on wealthy shareowners, or is it passed along to those who work for, or buy the products of, corporations? Can a country with high corporate taxes remain competitive in the global economy? This book features research by leading economists and accountants that sheds light on these and related questions, including how taxes affect corporate dividend policy, stock market value, avoidance, and evasion. The studies promise to inform both future tax policy and regulatory policy, especially in light of the Sarbanes-Oxley Act and other actions by the Securities and Exchange Commission that are having profound effects on the market for tax planning and auditing in the wake of the well-publicized accounting scandals in Enron and WorldCom.
Uniform System of Accounts Prescribed for Public Utilities and Licensees Subject to the Provisions of the Federal Power Act
Author: United States. Federal Power Commission
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 134
Book Description
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 134
Book Description
The Economics of Public Utilities
Author: Luther Roberts Nash
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 456
Book Description
Publisher:
ISBN:
Category : Public utilities
Languages : en
Pages : 456
Book Description