منابع مشابه
The Distribution of Corporate Dividends
Of primary importance to the investor in corporate shares is the dividend return. But many a purchaser of shares has other dominant interests. He may desire merely to qualify to be a director. He may be a "pirate" and contenplate a particular suit which he can institute only as a shareholder. He may hope to acquire the right of a shareholder to examine the stock ledger or other books or records...
متن کاملDividends and Dominant Corporate Shareholders
It is widely held that for tax reasons corporate shareholders are the only shareholders that prefer dividends to capital gains. This has led to clientele models where corporate blockholders migrate to firms paying dividends and use their voting power to increase dividends in these firms. We use panel data and trades of large blocks of stock to investigate these propositions. Although one-third ...
متن کاملExempting Corporate Dividends from Individual Income Taxes
As the centerpiece of its “growth package,” the Bush Administration proposes to eliminate taxes that individuals pay on dividend payments they receive from corporations. These dividends would receive tax-free treatment to the extent that they have been paid from profits subject to the corporate income tax. For individuals who hold shares in companies that do not pay dividends, the proposal woul...
متن کاملAverage tree solutions and the distribution of Harsanyi dividends
We consider communication situations games being the combination of a TU-game and a communication graph. We study the average tree (AT) solutions introduced by Herings et al. [9] and [10]. The AT solutions are defined with respect to a set, say T , of rooted spanning trees of the communication graph. We characterize these solutions by efficiency, linearity and an axiom of T -hierarchy. Then we ...
متن کاملPower-law distribution of dividends in horse races
We discovered that the distribution of dividends in Korean horse races follows a power law. A simple model of betting is proposed, which reproduces the observed distribution. The model provides a mechanism to arrive at the true underlying winning probabilities, which are initially unknown, in a self-organized collective fashion, through the dynamic process of betting.
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ژورنال
عنوان ژورنال: University of Pennsylvania Law Review and American Law Register
سال: 1941
ISSN: 0749-9833
DOI: 10.2307/3308684