scispace - formally typeset
Open Access

Distribution of incomes of corporations among dividends, retained earnings and taxes

J Lintner
- Vol. 46, Iss: 2, pp 97-113
Reads0
Chats0
TLDR
Lintner as discussed by the authors discusses the distribution of income of corporations among dividends, retained earnings, and taxes in the context of the Sixtyeighth Annual Meeting of the American Economic Association.
Abstract
Distribution of Incomes of Corporations Among Dividens, Retained Earnings, and Taxes Author(s): John Lintner Source: The American Economic Review, Vol. 46, No. 2, Papers and Proceedings of the Sixtyeighth Annual Meeting of the American Economic Association, (May, 1956), pp. 97-113 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1910664 Accessed: 26/06/2008 14:06

read more

Citations
More filters
Journal ArticleDOI

How Costly Is External Financing? Evidence from a Structural Estimation

TL;DR: In this paper, the authors apply simulated method of moments to a dynamic model to infer the magnitude of financing costs, which features endogenous investment, distributions, leverage, and default, and find that low-dividend firms and those identified as constrained by the Cleary and Whited-Wu indexes have higher financing frictions.
Journal ArticleDOI

Agency Problems and Dividend Policies around the World

TL;DR: In this article, the authors address the question of why firms pay dividends, the so-called "dividend puzzle," from the agency perspective, and outline two agency models of dividends.
Journal ArticleDOI

Payout Policy in the 21st Century

TL;DR: The authors survey 384 financial executives and conduct in depth interviews with an additional 23 to determine the factors that drive dividend and share repurchase decisions, finding that maintaining the dividend level is on par with investment decisions, while repurchases are made out of the residual cash flow after investment spending.
Journal ArticleDOI

Do Changes in Dividends Signal the Future or the Past

TL;DR: In this article, the authors investigate the idea that changes in dividends have information content about the future earnings of the firm and find only limited support for it and conclude that the size of the dividend increase does not predict future earnings.
Journal ArticleDOI

Dividend Policy: An Empirical Analysis

TL;DR: In this paper, the Lintner model was used to examine the dividend policies of individual firms and provided the best predictions of dividends on a year of data not used in fitting the regressions.
Related Papers (5)