Executive Financial Incentives and Payout Policy: Firm Responses to the 2003 Dividend Tax Cut
By Jeffrey R. Brown, Nellie Liang, Scott J. Weisbenner. 2007
313 citations recorded by the source corpus.
Subfields: Accounting, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/d437eddb15bdee18e23231cc4c1ff9b02b5dfe04
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Raj Chetty
- Emmanuel Saez
- V. Atanasov
- Bernard S. Black
- Alan J. Auerbach
- K. Hassett
- H. Kleven
- Dmitry Taubinsky
In Strategy and Management
- V. Atanasov
- Alan J. Auerbach
- Bernard S. Black
- K. Hassett
- Raj Chetty
- Emmanuel Saez
- Ronald W. Masulis
- E. Zhang
Citations in the corpus
- Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, background): “Brown et al. (2011) offer a broad review of corporate governance research, but pay limited attention to IV and none to other causal inference methods. Gassen (2014) studies the use of causal methods in accounting research, but does not assess whether the methods are used well.”
- The 2003 Dividend Tax Cuts and the Value of the Firm: An Event Study (2005, background): “Recent papers by Chetty and Saez (2004) and Brown et al. (2004) find that dividend payout policy responses to the 2003 legislation varied with respect to variables measuring managerial incentives and shareholder oversight.”
- Dividend and Corporate Taxation in an Agency Model of the Firm (2010, background): “…of funds to perks, tunneling, a taste for empire building, or a preference for projects that lead to a “quiet life”.12 While there is debate in corporate finance about which of 10The working paper version (Chetty and Saez 2007) extends the efficiency analysis to the case with equity issues.”
- Financial Expert CEOs: CEO’s Work Experience and Firm’s Financial Policies (2014, unknown): “…reacted to these changes by increasing payout to shareholders, especially in the form of dividends (see, for instance, Chetty and Saez, 2005; Brown, Liang, and Weisbenner, 2007).18 We expect financial expert CEOs to be more responsive to these changes, as they should better understand their…”
- Taxation, Dividends, and Share Repurchases: Taking Evidence Global (2013, unknown): “…Wu (1996)), and the U.S. Jobs and Growth Tax Relief Reconciliation Act of 2003, for which significant effects on corporate payout policies are documented (see, e.g., Chetty and Saez (2005), Brown et al. (2007), Brav, Graham, Harvey, and Michaely (2008), and Blouin, Ready, and Shackelford (2011)).”