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The Effects of Dividend Taxes on Equity Prices : A Re-examination of the 1997 U.K. Tax Reform

Author/Editor: Stephen Bond, Alexander Klemm, Michael B Devereux.

Release Date:August, 2007

We re-examine the extent to which personal taxes on dividends are capitalized into the equity prices of domestic firms, using data from around the time of the 1997 U.K. dividend tax reform, which more...



Price: $18.00
Why is Micro Evidenceon the Effects of Uncertainty Not Replicated in Macro Data?

Author/Editor: Domenico Lombardi, Stephen Bond.

Release Date:August, 2005

This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level more...



Price: $15.00
To Buy or Not to Buy? Uncertainty, Irreversibility and Heterogeneous Investment Dynamics in Italian Company Data

Author/Editor: Domenico Lombardi, Stephen Bond.

Release Date:June, 2004

This study tests for the presence of real options effects induced by uncertainty and (partial) irreversibility on fixed capital investment using Italian company data. The approach recognizes that more...



Price: $15.00