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dc.contributor.authorTorrez, Jimmy
dc.date.accessioned2015-11-21T21:27:43Z
dc.date.available2015-11-21T21:27:43Z
dc.date.issued2006-05
dc.identifier.issn1541-8561
dc.identifier.urihttp://hdl.handle.net/123456789/2399
dc.description.abstractThe Job Growth and Taxpayer Relief Reconciliation Act of 2003 lowered dividend taxes to the same rate as capital gains taxes in the United States using the Pecking Order Theory as a framework. This paper develops a model that examines the effect the tax cut will have on corporate investment. The model finds that the dividend rate tax cut will increase the corporate cost of capital and lower investment. Therefore, any increase in the value of the stock market from this act will simply be a response to an increase in after tax returns and not from an increase in production.
dc.language.isoen_US
dc.publisherCentro de Investigaciones Comerciales e Iniciativas Académicas de la Facultad de Administración de Empresas. Forum Empresarial. Vol.11 Num.1
dc.relation.ispartofseriesForum Empresarial;Vol.11 Num.1
dc.subjectCorporate Investment
dc.subjectTax Policy
dc.subjectDividends
dc.subjectPecking Order Theory
dc.subjectThe Job Growth and Taxpayer Relief Reconciliation Act of 2003
dc.titleThe Effect of Dividend Tax Policy on Corporate Investment.
dc.typeArticle


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