|
|
Paper Stats:
Abstract Views: 458
Downloads: 0
|
Dividends and Profits: Some Unsubtle Foreign Influences
|
JAMES R. HINES JR.
University of Michigan at Ann Arbor Law School; National Bureau of Economic Research (NBER)
J. OF FINANCE, Vol. 51 No. 2, June 1996
|
| |
Abstract:
American corporations earn a significant share of their profits from foreign sources, out of which they appear to pay dividends at rates that are three times higher than their payout rates from domestic profits. Why firms do so is unclear, though this behavior is consistent with the use of dividends to signal profitability. This payout behavior implies that a significant part of the US tax revenue generated by the foreign profits of US corporations arises through the taxation of dividends received by individuals, and that the cost of capital may be higher for foreign than for domestic operations.
|
| |
JEL Classifications: G35, F23, H87
|
| |
Accepted Paper Series
|
| |
Contact Information for
JAMES
R.
HINES JR.
(Contact Author)
Email address for JAMES
R.
HINES JR.
University of Michigan at Ann Arbor Law School
625 South State Street
Ann Arbor
, MI
48109-1215
United States
|
|
(No e-mail address available for JAMES
R.
HINES JR.
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge
, MA
02138
United States
|
|
|
| |
|
| |
Email Abstract or URL
|
| |
SSRN Resources
To search for other abstracts in the SSRN archival database, click here.
To order a membership to an SSRN Network or to subscribe to one or more of SSRN's journals,
go to our online subscription request form.
To go to SSRN's main web site (www.ssrn.com), click here.
|
© 2008 Social Science Electronic Publishing, Inc. All Rights Reserved. Terms of Use
This page was served by apollo 4 in 0.250 seconds.
|
