Do multinational firms respond to personal dividend income tax rates?

Artikel

This study examines the effect of investor-level income taxes on profit repatriation and dividend payout policies of multinational firms. The empirical estimations include two million firm-year observations in 130 countries. By augmenting the Lintner model of dividend payments, I employ parametric as well as semiparametric techniques to provide evidence that income taxes on dividends neither alter dividend payments to investors nor within-firm dividend payments. These results remain robust to a wide range of alternative specifications.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Empirical Economics ; ISSN: 1435-8921 ; Volume: 62 ; Year: 2021 ; Issue: 4 ; Pages: 1743-1771 ; Berlin, Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft
• Subject: Dividend income taxes ; Dividend payments ; Lintner model ; Semiparametric estimation ; Multinational firms

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Eklund, M. Jonathan C.
• Event: Veröffentlichung
• (who): Springer
• (where): Berlin, Heidelberg
• (when): 2021

Further information

• DOI: doi:10.1007/s00181-021-02088-2
• Last update: 10.03.2025, 11:41 AM CET