How Long to Read The Effects of Dividend Taxes on Equity Prices

How Long Does it Take to Read The Effects of Dividend Taxes on Equity Prices?

It takes the average reader and 32 minutes to read The Effects of Dividend Taxes on Equity Prices by Stephen Bond

Assuming a reading speed of 250 words per minute. Learn more

Description

We re-examine the extent to which personal taxes on dividends are capitalized into the equity prices of domestic firms, using data from around the time of the 1997 U.K. dividend tax reform, which removed a significant tax credit for an important group of investors: U.K. pension funds. The tax-adjusted CAPM suggests that the impact should depend on an average of dividend tax rates across all investors, and that U.K. pension funds should reduce their holdings of the previously tax-favored asset: U.K. equities. Given that U.K. pension funds are small relative to the total size of the world capital market, a small open economy-type argument implies that the main effect of the reform would be to reduce U.K. pension funds' ownership of U.K. equities, with little impact on their price. We present evidence which is consistent with these hypotheses. We discuss why previous research (Bell and Jenkinson, 2002) reached a different conclusion.

How long is The Effects of Dividend Taxes on Equity Prices?

The Effects of Dividend Taxes on Equity Prices by Stephen Bond is 32 pages long, and a total of 8,064 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read The Effects of Dividend Taxes on Equity Prices Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read The Effects of Dividend Taxes on Equity Prices aloud.

What Reading Level is The Effects of Dividend Taxes on Equity Prices?

The Effects of Dividend Taxes on Equity Prices is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Effects of Dividend Taxes on Equity Prices?

The Effects of Dividend Taxes on Equity Prices by Stephen Bond is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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