Plausibly Exogenous [755] - Dividend Taxes (02/12/2022)
LHS Variable
Payout and investment policies
RHS Variable
Dividend taxes
Source of Exogenous Variation
Setting in Switzerland where, following the corporate tax reform of 2011, some but not all firms were suddenly able to pay tax-exempt dividends
- Isakov, Perignon, and Weisskopf (2021), “What If Dividends Were Tax-Exempt? Evidence from a Natural Experiment”