Dividend Taxes and the Allocation of Capital^†

Keyphrases

• Dividend Taxes 100%
• Liquidity 66%
• Tax Imposed 66%
• Cost of Capital 33%
• Heterogeneity Analysis 33%
• Credit Constraints 33%
• Higher Returns 33%
• Tax Rate 33%
• High Demand 33%
• Administrative Data 33%
• Tax Increase 33%
• Capital Misallocation 33%
• Dividend Payout 33%
• Return on Capital 33%

Economics, Econometrics and Finance

• Taxation 100%
• Cost of Capital 33%
• Credit Rationing 33%
• Tax Rate 33%
• Tax Increase 33%