- 제목 : Dividend Taxes and Investment Efficiency: Evidence from the 2003 U.S. Personal Taxation Reform
- 학술지 : Journal of Accounting and Economics, 2003
- 카지노 미국 초록 : We examine the effect of a large dividend tax cut on corporate investment efficiency by exploiting the 2003 personal taxation reform in the U.S. as a quasi-natural experiment. Using a difference-in-differences approach based on the probability that a firm's marginal investor was an individual investor, we show that the 2003 dividend tax cut significantly improved the investment efficiency of U.S. listed firms. However, we find no evidence that the dividend tax cut increased the level of investment of U.S. listed firms. Further, we show problems associated with the excessive free cash flows of overinvesting firms and by relaxing the financial constraints of underinvesting firms.
- Stock Liquidity and investment Efficiency: Evidence from the Split-Share Structure Reform in China, Emerging Market Review, 2023
- Unified Government and the Value of Cash Holdings, Finance Research Letters, 2023
- 상기 대표 논문을 교신저자로 Journal of Accounting and Economics라는 재무·회계·경제 분야 최상급 카지노 미국 저명 학술지(FT Top Journal, ABS rating = 4*, ABDC rating = A*)에 게재하였음
- 다른 두 편의 논문들은 교신저자로 2023년 JCR Impact Factor 기준 재무·회계 분야 최상위권 카지노 미국 저명 학술지인 Emerging Market Review (JCR ranking = 15/231) 와 Finance Research Letters (JCR ranking = 7/231)에 게재하였음
- 동료 교수, 대학원 학생, 또는 해외 공저자가 포함되어 있는 상기 프로젝트들에서 리서치 프로그램 리더로서 역할을 수행하여 이들을 성공적으로 마무리하였음
