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 14:06read more
Citations
More filters
Journal ArticleDOI
Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence
TL;DR: In this article, the authors theoretically and empirically investigate the role of information on the cross section of stock returns and firms' cost of capital when investors face estimation risk and learn from noisy signals of uncertain quality.
Journal ArticleDOI
Accounting Earnings and Security Valuation: Empirical Evidence of the Fundamental Links
TL;DR: In this article, a conceptual framework that explains the relation between accounting data and contemporaneous security prices is provided by the information perspective on accounting, and empirical evidence of these fundamental links is provided.
Journal ArticleDOI
Dividends and Corporate Shareholders
TL;DR: Corporations uniquely have a tax preference for cash dividends Nevertheless, dividends do not increase following trades of large-percentage blocks of stock from individuals to corporations Moreover, although one third of firms have corporate blockholders, 68% of these firms pay no dividends, and ownership is not clustered at levels that increase the tax benefits of dividends as discussed by the authors.
Journal ArticleDOI
Stock Repurchases and Executive Compensation Contract Design: The Role of Earnings per Share Performance Conditions
Steven Young,Jing Yang +1 more
TL;DR: In this paper, the authors examine the link between firms' stock repurchase activity and the presence of earnings per share (EPS) performance conditions in executive compensation contracts and reveal a strong positive association between repurchases and EPS-contingent compensation arrangements.
Journal ArticleDOI
Do dividends matter more in declining markets
TL;DR: In this article, the authors find that the existence of dividends, and not the dividend yield, drives returns' asymmetric behavior relative to market movements, and also find an asymmetric response to dividend changes based on market conditions.