Regulation, Taxes, and Share Repurchases in the United Kingdom

By P. Rau, T. Vermaelen. 2002

214 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/040eadb853b1ac0bc4d5e0d5f50cd80da1abf1d9

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Halbert White
2. M. Staunton
3. P. Marsh
4. Henock Louis
5. E. Dimson
6. Gemma Lee
7. Ron Masulis
8. Nemit Shroff

In Economics and Econometrics

1. M. Staunton
2. P. Marsh
3. Halbert White
4. Henock Louis
5. E. Dimson
6. Andrew J. Patton
7. Dimitris Nicolas Politis
8. Timo Teräsvirta

Citations in the corpus

• Control Structures and Payout Policy (2007, unknown): “…Jenkinson (2002), Short et al. (2002), Farinha (2003), Lasfer and Zenonos (2003), Correia da Silva et al. (2004) analyze dividend policy only, while Rau and Vermaelen (2002) and Oswald and Young (2004) focus exclusively on factors determining repurchase decisions. directors, financial…”
• Patterns in Payout Policy and Payout Channel Choice of UK Firms in the 1990s (2005, unknown): “Moreover, companies are not allowed to repurchase shares during periods when officers and directors are not allowed to trade in their company’s shares.19 This restriction substantially reduces the role that repurchases may have in signalling firm prospects (Rau and Vermaelen, 2002).”
• Share Issuance and Cross-Sectional Returns: International Evidence (2009, unknown): “This “ecological regression” problem was originally identified by Yule (1903), more formally developed by Robinson (1950), and recently applied to the crosscountry finance literature by Holderness (2008).”
• Do Managers Intentionally Use Repurchase Tender Offers to Signal Private Information? Evidence from Firm Financial Reporting Behavior (2007, background): “to signal to the market that their shares are undervalued’’ ( Rau and Vermaelen, 2002, p. 249 ).”
• Taxation, Dividends, and Share Repurchases: Taking Evidence Global (2013, unknown): “Positive international evidence of taxation’s consequences on firm payout choices is provided by Rau and Vermaelen (2002) and Oswald and Young (2004) for the United Kingdom, Brown and Efthim (2005) for Australia, and Lee et al. (2006) for Taiwan.”
• The Worldwide Equity Premium: A Smaller Puzzle (2006, background): “The impact of a similar adjustment to other countries’ dividend yield is smaller and often zero (see Rau and Vermaelen (2002)).”