{"id":"https://openalex.org/W105212549","doi":null,"title":"The dividend-clientele controversy and the tax reform act of 1986","display_name":"The dividend-clientele controversy and the tax reform act of 1986","publication_year":1993,"publication_date":"1993-01-01","ids":{"openalex":"https://openalex.org/W105212549","mag":"105212549"},"language":"en","primary_location":{"id":"mag:105212549","doi":null,"is_oa":false,"landing_page_url":"https://dialnet.unirioja.es/servlet/articulo?codigo=344732","pdf_url":null,"source":{"id":"https://openalex.org/S4306401293","display_name":"Dialnet (Universidad de la Rioja)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I168974976","host_organization_name":"Universidad de La Rioja","host_organization_lineage":["https://openalex.org/I168974976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5018277364","display_name":"James N. Rimbey","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"James N. Rimbey","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5003341213","display_name":"Douglas Hearth","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Douglas Hearth","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.7794,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.75469873,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"32","issue":"1","first_page":"68","last_page":"81"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8378999829292297,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8378999829292297,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.1500999927520752,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.00559999980032444,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/tax-reform-act-of-1986","display_name":"Tax Reform Act of 1986","score":0.9800000190734863},{"id":"https://openalex.org/keywords/dividend-taxation","display_name":"dividend taxation","score":0.9589999914169312},{"id":"https://openalex.org/keywords/capital-gains-tax","display_name":"capital gains tax","score":0.9359999895095825},{"id":"https://openalex.org/keywords/stock-prices","display_name":"stock prices","score":0.5630000233650208},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.7509999871253967}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.8995476961135864},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6398580074310303},{"id":"https://openalex.org/C139447083","wikidata":"https://www.wikidata.org/wiki/Q1923644","display_name":"Dividend tax","level":5,"score":0.6105130910873413},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5618215203285217},{"id":"https://openalex.org/C2778631509","wikidata":"https://www.wikidata.org/wiki/Q687591","display_name":"Capital gains tax","level":4,"score":0.5399560928344727},{"id":"https://openalex.org/C551662922","wikidata":"https://www.wikidata.org/wiki/Q2346630","display_name":"Tax reform","level":2,"score":0.52056485414505},{"id":"https://openalex.org/C51303962","wikidata":"https://www.wikidata.org/wiki/Q1242836","display_name":"Double taxation","level":2,"score":0.4963255524635315},{"id":"https://openalex.org/C2777709592","wikidata":"https://www.wikidata.org/wiki/Q7689391","display_name":"Tax Reform Act","level":5,"score":0.48770198225975037},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.467661052942276},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.43909522891044617},{"id":"https://openalex.org/C110121322","wikidata":"https://www.wikidata.org/wiki/Q865811","display_name":"Distribution (mathematics)","level":2,"score":0.43349355459213257},{"id":"https://openalex.org/C202253471","wikidata":"https://www.wikidata.org/wiki/Q43900340","display_name":"Tax basis","level":5,"score":0.42731550335884094},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.42312976717948914},{"id":"https://openalex.org/C557009689","wikidata":"https://www.wikidata.org/wiki/Q1513250","display_name":"International taxation","level":3,"score":0.3068350553512573},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.2980438470840454},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1679331362247467},{"id":"https://openalex.org/C74939039","wikidata":"https://www.wikidata.org/wiki/Q7603703","display_name":"State income tax","level":3,"score":0.130970299243927},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C172008318","wikidata":"https://www.wikidata.org/wiki/Q3683077","display_name":"Gross income","level":4,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:105212549","doi":null,"is_oa":false,"landing_page_url":"https://dialnet.unirioja.es/servlet/articulo?codigo=344732","pdf_url":null,"source":{"id":"https://openalex.org/S4306401293","display_name":"Dialnet (Universidad de la Rioja)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I168974976","host_organization_name":"Universidad de La Rioja","host_organization_lineage":["https://openalex.org/I168974976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W1577643870","https://openalex.org/W1596347046","https://openalex.org/W1983131287","https://openalex.org/W1985580119","https://openalex.org/W1996841907","https://openalex.org/W1999638098","https://openalex.org/W2003644932","https://openalex.org/W2067527621","https://openalex.org/W2071681097","https://openalex.org/W2088957698","https://openalex.org/W2151624457","https://openalex.org/W2151976875","https://openalex.org/W2158925814","https://openalex.org/W2159466146"],"related_works":["https://openalex.org/W1582851426","https://openalex.org/W2117989638","https://openalex.org/W2053096918","https://openalex.org/W1979861768","https://openalex.org/W2060816817","https://openalex.org/W1968585448","https://openalex.org/W2048097614","https://openalex.org/W403837477","https://openalex.org/W2040987659","https://openalex.org/W7096735808"],"abstract_inverted_index":{"Several":[0],"recent":[1],"studies":[2],"employ":[3],"the":[4,13,22,55,75,85,96],"Tax":[5,97],"Reform":[6,98],"Act":[7,99],"of":[8,24,60,77,89,95,100],"1986":[9,101],"(TRA)":[10],"to":[11,50],"reexamine":[12],"dividend":[14,68],"tax":[15],"clientele":[16],"hypothesis.":[17],"Because":[18],"TRA":[19],"effectively":[20],"equalized":[21],"rate":[23],"taxation":[25],"between":[26],"dividends":[27],"and":[28,70],"capital":[29],"gains,":[30],"its":[31],"implementation":[32],"should":[33],"provide":[34],"a":[35,61,93],"platform":[36],"for":[37],"resolving":[38],"this":[39],"controversy.":[40],"Instead,":[41],"reported":[42],"results":[43],"remain":[44],"sharply":[45],"divergent.":[46],"This":[47],"study":[48],"attempts":[49],"shed":[51],"new":[52],"light":[53],"on":[54],"dividend-clientele":[56],"question":[57],"through":[58],"use":[59],"method":[62],"that":[63],"carefully":[64],"matches":[65],"preand":[66],"post-TRA":[67],"activity":[69],"avoids":[71],"problems":[72],"associated":[73],"with":[74],"distribution":[76],"data.":[78],"No":[79],"significant":[80],"or":[81],"systematic":[82],"changes":[83],"in":[84],"ex-dividend":[86],"price":[87],"behavior":[88],"common":[90],"stocks":[91],"as":[92],"result":[94],"are":[102],"reported.":[103]},"counts_by_year":[{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}