The valuation effect of stock dividends or splits: Evidence from a catering perspective

2021 ◽  
Vol 61 ◽  
pp. 163-179
Author(s):  
Conghui Hu ◽  
Yu-Jane Liu ◽  
Xin Xu
Keyword(s):  
Valuation Effect ◽  
Stock Dividends

The Value of the Tax Deferral Option

2020 ◽  
pp. 0148558X2098021
Author(s):  
Nan-Ting Kuo ◽  
Cheng-Few Lee
Keyword(s):  
Stock Price ◽  
Price Change ◽  
Tax Rates ◽  
Trading Volumes ◽  
Tax Savings ◽  
Stock Dividends ◽  
Stock Dividend

This study explores the value of the tax deferral option. By examining ex-day stock-price-change ratios for taxable stock dividends in Taiwan, we find that the tax deferral option is valuable to investors. For a $1 taxable stock dividend, the tax deferral option produces 33.9 ¢ in tax savings, which suggests a tax deferral parameter of 11.3%. We also find that stocks with the tax deferral option have higher trading volumes around ex-days than those without this option, and that higher investor-level tax rates lead to higher value of the tax deferral option. We contribute to the literature by cleanly determining the value of the tax deferral option; our result is not confounded by the restart option.

Frequency and Motives for Stock Dividends in a Unique Environment

2013 ◽  
Vol 14 (2) ◽  
pp. 295-318 ◽  
Author(s):  
Khamis H. Al-Yahyaee
Keyword(s):  
Stock Dividends

Are Stock Dividends Income?

1920 ◽  
Vol 7 (2) ◽  
pp. 134
Author(s):  
E. M. P.
Keyword(s):  
Stock Dividends

The Revenue Act of 1939 and the Basis of Stock Dividends and Rights

1940 ◽  
Vol 40 (3) ◽  
pp. 404
Author(s):  
Robert B. Eichholz
Keyword(s):  
Stock Dividends

The Valuation Effect of Private Placements of Convertible Debt

1991 ◽  
Vol 46 (5) ◽  
pp. 1925 ◽  
Author(s):  
L. Paige Fields ◽  
Eric L. Mais
Keyword(s):  
Convertible Debt ◽  
Valuation Effect ◽  
Private Placements

The Valuation Effect and Motivations of Voluntary Compliance with Auditor's Attestation Under Sarbanes-Oxley Act Section 404 (B)

2012 ◽  
Author(s):  
Kareen Brown ◽  
Parunchana Pacharn ◽  
Jennifer Li ◽  
Emad Mohammad ◽  
Fayez A. Elayan ◽  
...  
Keyword(s):  
Section 404 ◽  
Voluntary Compliance ◽  
Sarbanes Oxley ◽  
Valuation Effect

The Love for Stock Dividends: Chinese Evidence

2013 ◽  
Author(s):  
Haozhi Huang ◽  
Rulu Pan ◽  
Qiaoqiao Zhu
Keyword(s):  
Stock Dividends

What's in a Name? The Valuation Effect of Directors' Sharing of Surnames

2017 ◽  
Author(s):  
Tan Youchao ◽  
Jason Zezhong Xiao ◽  
Cheng Zeng ◽  
Hong Zou
Keyword(s):  
Valuation Effect
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