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Ex-Dividend Day Price Changes And Implied Tax Rates: An Evaluation

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  • Jean-Marie Gagnon
  • Jean-Marc Suret

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  • Jean-Marie Gagnon & Jean-Marc Suret, 1991. "Ex-Dividend Day Price Changes And Implied Tax Rates: An Evaluation," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 14(3), pages 255-262, September.
    • Handle: RePEc:bla:jfnres:v:14:y:1991:i:3:p:255-262
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1991.tb00663.x
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    References listed on IDEAS

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    1. Brown, Stephen J. & Warner, Jerold B., 1985. "Using daily stock returns : The case of event studies," Journal of Financial Economics, Elsevier, vol. 14(1), pages 3-31, March.
    2. Elton, Edwin J & Gruber, Martin J, 1970. "Marginal Stockholder Tax Rates and the Clientele Effect," The Review of Economics and Statistics, MIT Press, vol. 52(1), pages 68-74, February.
    3. Booth, Laurence D & Johnston, David J, 1984. "The Ex-Dividend Day Behavior of Canadian Stock Prices: Tax Changes and Clientele Effects," Journal of Finance, American Finance Association, vol. 39(2), pages 457-476, June.
    4. Eades, Kenneth M. & Hess, Patrick J. & Kim, E. Han, 1984. "On interpreting security returns during the ex-dividend period," Journal of Financial Economics, Elsevier, vol. 13(1), pages 3-34, March.
    5. Harris, John M, Jr & Roenfeldt, Rodney L & Cooley, Philip L, 1983. "Evidence of Financial Leverage Clienteles," Journal of Finance, American Finance Association, vol. 38(4), pages 1125-1132, September.
    6. Kalay, Avner, 1984. "The Ex-Dividend Day Behavior of Stock Prices; a Re-Examination of the Clientele Effect: A Reply," Journal of Finance, American Finance Association, vol. 39(2), pages 556-561, June.
    7. Miller, Merton H & Scholes, Myron S, 1982. "Dividends and Taxes: Some Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1118-1141, December.
    8. Lakonishok, Josef & Vermaelen, Theo, 1983. "Tax Reform and Ex-Dividend Day Behavior," Journal of Finance, American Finance Association, vol. 38(4), pages 1157-1179, September.
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    Cited by:

    1. Rozycki, John J., 1997. "A tax motivation for smoothing dividends," The Quarterly Review of Economics and Finance, Elsevier, vol. 37(2), pages 563-578.
    2. Sorjonen, Pasi, . "Essays on Dividends and Taxes," ETLA A, The Research Institute of the Finnish Economy, number 30, June.
    3. Sorjonen, Pasi, 2002. "Ex-Dividend Day Stock Price Behavior, Taxes and Discrete Prices; A Simulation Experiment," Discussion Papers 676, The Research Institute of the Finnish Economy.
    4. Suret, Jean-Marc & Gagnon, Jean-Marie, 1991. "Taux implicite d’impôt et détachement du dividende," L'Actualité Economique, Société Canadienne de Science Economique, vol. 67(4), pages 482-498, décembre.

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