{"id":"https://openalex.org/W599744230","doi":null,"title":"The impacts of recent tax legislation on dividend policy and investment","display_name":"The impacts of recent tax legislation on dividend policy and investment","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W599744230","mag":"599744230"},"language":"en","primary_location":{"id":"pmh:oai:oaktrust.library.tamu.edu:1969.1/ETD-TAMU-1217","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/1969.1/ETD-TAMU-1217","pdf_url":null,"source":{"id":"https://openalex.org/S4306400291","display_name":"OakTrust (Texas A&M University Libraries)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I91045830","host_organization_name":"Texas A&M University","host_organization_lineage":["https://openalex.org/I91045830"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},"volume":null,"type":"dissertation","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/A5038987162","display_name":"George Ryan Huston","orcid":"https://orcid.org/0000-0002-8887-1083","observed_orcids":["https://orcid.org/0000-0002-8887-1083"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"G. Ryan Huston","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-8887-1083","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5038987162"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9965999722480774,"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":0.9965999722480774,"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":0.00279999990016222,"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"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":9.999999747378752e-05,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9409999847412109},{"id":"https://openalex.org/keywords/tax-law","display_name":"tax law","score":0.5730000138282776},{"id":"https://openalex.org/keywords/capital-investment","display_name":"capital investment","score":0.5389999747276306},{"id":"https://openalex.org/keywords/board-independence","display_name":"board independence","score":0.6859999895095825},{"id":"https://openalex.org/keywords/ceo-stock-options","display_name":"CEO stock options","score":0.5709999799728394},{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.7409999966621399},{"id":"https://openalex.org/keywords/principal-agent-problem","display_name":"principal-agent problem","score":0.6389999985694885},{"id":"https://openalex.org/keywords/growth-firms","display_name":"growth companies","score":0.8330000042915344},{"id":"https://openalex.org/keywords/depreciation-allowances","display_name":"depreciation allowances","score":0.6079999804496765},{"id":"https://openalex.org/keywords/operating-leases","display_name":"operating leases","score":0.6899999976158142}],"concepts":[{"id":"https://openalex.org/C2777351106","wikidata":"https://www.wikidata.org/wiki/Q49371","display_name":"Legislation","level":2,"score":0.7211413979530334},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.5735137462615967},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.48383966088294983},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.47755417227745056},{"id":"https://openalex.org/C162077342","wikidata":"https://www.wikidata.org/wiki/Q1062630","display_name":"Tax credit","level":2,"score":0.46011123061180115},{"id":"https://openalex.org/C2776805697","wikidata":"https://www.wikidata.org/wiki/Q3445707","display_name":"Tax policy","level":3,"score":0.4371776282787323},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4338378608226776},{"id":"https://openalex.org/C105639569","wikidata":"https://www.wikidata.org/wiki/Q582577","display_name":"Economic policy","level":1,"score":0.3246285915374756},{"id":"https://openalex.org/C551662922","wikidata":"https://www.wikidata.org/wiki/Q2346630","display_name":"Tax reform","level":2,"score":0.3227863311767578},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.27506548166275024},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19257700443267822},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1305135190486908},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.06894698739051819},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:oaktrust.library.tamu.edu:1969.1/ETD-TAMU-1217","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/1969.1/ETD-TAMU-1217","pdf_url":null,"source":{"id":"https://openalex.org/S4306400291","display_name":"OakTrust (Texas A&M University Libraries)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I91045830","host_organization_name":"Texas A&M University","host_organization_lineage":["https://openalex.org/I91045830"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},{"id":"mag:599744230","doi":null,"is_oa":false,"landing_page_url":"https://oaktrust.library.tamu.edu/bitstream/1969.1/ETD-TAMU-1217/1/HUSTON-DISSERTATION.pdf","pdf_url":null,"source":null,"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":[{"id":"https://metadata.un.org/sdg/16","score":0.5473999977111816,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W191918215","https://openalex.org/W1543607262","https://openalex.org/W1550709182","https://openalex.org/W1551622374","https://openalex.org/W1964624058","https://openalex.org/W1967235508","https://openalex.org/W1974675048","https://openalex.org/W1988160226","https://openalex.org/W2012717586","https://openalex.org/W2020764437","https://openalex.org/W2033837829","https://openalex.org/W2043725758","https://openalex.org/W2059204147","https://openalex.org/W2062869014","https://openalex.org/W2063955807","https://openalex.org/W2068517078","https://openalex.org/W2077877739","https://openalex.org/W2081571439","https://openalex.org/W2083257361","https://openalex.org/W2109991025","https://openalex.org/W2112970138","https://openalex.org/W2123343520","https://openalex.org/W2123807166","https://openalex.org/W2124532504","https://openalex.org/W2133469585","https://openalex.org/W2136700758","https://openalex.org/W2138729574","https://openalex.org/W2142856961","https://openalex.org/W2144470805","https://openalex.org/W2144879307","https://openalex.org/W2149580312","https://openalex.org/W2170790204","https://openalex.org/W2245466304","https://openalex.org/W2317732556","https://openalex.org/W2328658414","https://openalex.org/W2470834603","https://openalex.org/W2498617532","https://openalex.org/W2752617332","https://openalex.org/W2763199793","https://openalex.org/W2890473091","https://openalex.org/W3023534717","https://openalex.org/W3121131820","https://openalex.org/W3121250421","https://openalex.org/W3121281037","https://openalex.org/W3122215577","https://openalex.org/W3122509420","https://openalex.org/W3123052676","https://openalex.org/W3123214587","https://openalex.org/W3123986134","https://openalex.org/W3124368692","https://openalex.org/W3124462972","https://openalex.org/W3125087107","https://openalex.org/W3125366981","https://openalex.org/W3126092525","https://openalex.org/W7213324186"],"related_works":["https://openalex.org/W7155454347","https://openalex.org/W3178978192","https://openalex.org/W345385344","https://openalex.org/W2061677888","https://openalex.org/W289049075","https://openalex.org/W2948678550","https://openalex.org/W4383956823","https://openalex.org/W4320022663","https://openalex.org/W7098592938","https://openalex.org/W1557085864"],"abstract_inverted_index":{"This":[0],"dissertation":[1],"examines":[2,128,221],"firms\u2019":[3,244],"reactions":[4],"to":[5,90,121,147,156,189,241],"two":[6],"changes":[7,50,63],"in":[8,51,64,102,110,145,216,250,279],"tax":[9,203],"law":[10],"intended":[11],"to\\nincrease":[12,230],"dividend":[13,67,125,133,158,166,196],"payout":[14],"and":[15,21,27,46,66,82,150,179,226,258],"capital":[16,232,245,280],"investment,":[17],"the":[18,28,57,76,111,115,129,153,165,217,222,256,284,305],"Job":[19],"Creation":[20],"Worker\\nAssistance":[22],"Act":[23],"(JCWAA)":[24],"of":[25,35,59,78,168,224,252,266,286,301],"2002":[26],"Jobs":[29],"Growth":[30],"Tax":[31],"Relief":[32],"Reconciliation":[33],"Act\\n(JGTRRA)":[34],"2003.":[36],"Chapter":[37],"IV":[38],"assesses":[39],"whether":[40,142],"firms":[41,88,143,200,211,297,309],"assuage":[42],"agency":[43],"conflicts\\nbetween":[44],"management":[45],"shareholders":[47],"created":[48],"by":[49,198],"individual-level":[52],"taxes":[53],"on\\ndividends,":[54],"focusing":[55],"on":[56,62,85,164,289],"impact":[58,285],"board":[60],"independence":[61],"management\\ncompensation":[65],"policies.":[68],"Data":[69],"analyses":[70],"suggest":[71,182],"that":[72,105,183,293],"greater":[73,123,214],"board\\nindependence":[74],"mitigates":[75],"effects":[77,223],"both":[79],"CEO":[80],"stock":[81],"option":[83,119],"holdings":[84],"dividend\\nincreases.":[86],"Additionally,":[87],"appear":[89],"implicitly":[91],"dividend-protect":[92],"options":[93],"through\\nincreased":[94],"cash":[95],"compensation,":[96],"effectively":[97],"reimbursing":[98],"CEOs":[99],"for":[100],"decreases":[101],"option\\nvalue.":[103],"Firms":[104],"did":[106],"not":[107],"increase":[108,278],"dividends":[109,184],"first":[112],"year":[113],"following":[114,304],"passage":[116,306],"of\\nJGTRRA":[117],"decreased":[118,270,313],"grants":[120],"induce":[122],"future":[124,190],"payouts.\\nChapter":[126],"V":[127],"relation":[130],"between":[131,172],"contemporary":[132],"increases":[134,197],"and\\nfuture":[135],"earnings":[136,191],"around":[137],"JGTRRA.":[138],"Specifically,":[139],"I":[140,151,162,261],"investigate":[141],"increase\\ndividends":[144],"response":[146],"shareholder":[148],"demands,":[149],"examine":[152],"market":[154],"reaction":[155],"preand\\npost-JGTRRA":[157],"changes.":[159],"In":[160],"addition,":[161],"focus":[163],"policies":[167],"growth":[169,199,210],"firms,":[170],"testing":[171],"firm":[173,207],"maturation":[174,208],"(Grullon":[175],"et":[176],"al.":[177],"2002)":[178],"tax-based\\nexplanations.":[180],"Results":[181],"are":[185],"less":[186],"explanatory":[187],"as":[188],"in\\nthe":[192],"post-JGTRRA":[193,218],"period.":[194],"Post-JGTRRA":[195],"are\\nconsistent":[201],"with":[202,310],"motives":[204],"rather":[205],"than":[206],"because":[209],"paying\\ndividends":[212],"have":[213,248],"investment":[215],"period.\\nChapter":[219],"VI":[220],"JCWAA":[225],"JGTRRA":[227],"provisions":[228],"enacted":[229],"business":[231],"expenditures":[233,246],"through":[234],"increased":[235,264,299],"depreciation":[236],"allowances.":[237],"I\\ndevelop":[238],"a":[239,275],"model":[240],"predict":[242],"what":[243],"would":[247],"been":[249],"the\\nabsence":[251],"these":[253,287],"acts,":[254],"comparing":[255],"actual":[257],"predicted":[259],"values.":[260],"find":[262],"firms\\nsignificantly":[263],"purchases":[265],"qualified":[267],"assets":[268],"but":[269],"nonqualified":[271],"asset\\npurchases,":[272],"netting":[273],"only":[274],"marginal":[276,295],"overall":[277],"expenditures.":[281],"Finally,":[282],"I\\nexamine":[283],"acts":[288],"leasing":[290],"transactions,":[291],"finding":[292],"low":[294],"tax\\nrate":[296],"significantly":[298],"use":[300],"operating":[302],"leases":[303],"of\\nJCWAA,":[307],"whereas":[308],"higher":[311],"MTRs":[312],"lease":[314],"transactions.":[315]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
