Dividend Taxes and Implied Cost of Equity Capital

By Linda K. Krull. 2005

168 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2d93e8b158704c772050fa9ec87f7a258e17d098

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Citations in the corpus

Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut (2015, background): “Of course, even if the new view characterizes most firms, the traditional view may characterize other firms (Auerbach and Hassett 2003; Dhaliwal et al. 2005), especially start-ups that may be particularly reliant on external equity financing.”
Company reputation and the cost of equity capital (2014, unknown): “We control for several other factors from prior cost of equity literature (e.g., Gebhardt et al. 2001; Gode and Mohanram 2003; Botosan et al. 2004; Easton 2004; Botosan and Plumlee 2005; Dhaliwal et al. 2005; Easton and Monahan 2005; Hail and Leuz 2006).”
Tax Avoidance and Ex Ante Cost of Capital (2017, unknown): “Consistent with Gephardt et al. (2001) and Dhaliwal et al (2005), we find a negative and significant coefficient on LnAT, indicating that larger firms generally have lower ex ante cost of capital.”
Does Religion Matter to Equity Pricing? (2012, unknown): “…none of our inferences are materially sensitive to recursively removing firms from each of the 48 Fama and French (1997) industries from the samples, or replacing the industry dummies with the 1-year lagged average industry risk premium after Gebhardt et al. (2001) and Dhaliwal et al. (2005).”
Multiple large shareholders, control contests, and implied cost of equity (2008, background): “As explained by Dyck and Zingales (2004, p. 52), the potential extraction of private benefits by controlling shareholders “reduces what minority shareholders are willing to pay for shares, lowering the value of all companies where such behavior represents a real possibility. And by raising the cost ”
Internal Control Weakness and Cost of Equity: Evidence from SOX Section 404 Disclosures (2007, background): “Accordingly, as in Dhaliwal et al. (2005), we control for analyst forecast bias.”