Please use this identifier to cite or link to this item: https://ah.lib.nccu.edu.tw/handle/140.119/120336
題名: 公司有效稅率對股利政策之影響-以2010年稅改為例
Corporate Taxation and Dividend Behavior: Evidence from 2010 Tax Reform in Taiwan
作者: 陳怡寧
Chen, Yi-Ning
貢獻者: 羅光達
Lo, Kuang-Ta
陳怡寧
Chen, Yi-Ning
關鍵詞: 股利發放率
2010年稅改
營利事業所得稅
促進產業升級條例
工具變數
Dividend payout ratio
2010 Tax Reform
Corporate income tax
Statute for upgrading industries
Instrumental variable
日期: 2018
上傳時間: 1-Oct-2018
摘要: This paper uses an exogenous change of 2010 corporate tax reform in Taiwan to identify the causal effect of corporate income tax on dividend payout ratio. I combine shareholder-level and firm-level tax return data to examine the reform-induced change in dividend payout ratio. Additionally, an instrumental variables (IV) strategy is applied in this study to address the endogeneity between corporate income tax and dividend payout ratio. This paper gets three findings as follows. First, for full sample, corporate income tax is found to have a positive effect on dividend payout ratio. Second, for subgroups composed of firms dominated by non-individual shareholders, corporate income tax does not have an impact on dividend payout ratio. Finally, for subgroups consisting of firms dominated by individual shareholders, corporate income tax is found to have a positive effect on dividend payout ratio; the result supports the clientele effect as the effect is the same as the tax preference for domestic individual shareholders.
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描述: 碩士
國立政治大學
應用經濟與社會發展英語碩士學位學程(IMES)
105266004
資料來源: http://thesis.lib.nccu.edu.tw/record/#G0105266004
資料類型: thesis
Appears in Collections:學位論文

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