Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs

This study examines the effect of dividend tax changes on the share prices and corporate policies of Malaysian REITs.Event study results show that dividend tax cut announcements provide positive abnormal returns.Based on cross-sectional regression, the abnormal returns are found to be larger for REI...

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Main Authors: Wong, Woei Chyuan, Taufil Mohd, Kamarun Nisham, Abdullah, Nur Adiana Hiau
Format: Article
Language:English
Published: Taylor & Francis Group 2017
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Online Access:http://repo.uum.edu.my/22413/1/PRPRJ%201%2014%202017.pdf
http://repo.uum.edu.my/22413/
http://doi.org/10.1080/14445921.2017.1303263
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spelling my.uum.repo.224132017-06-18T08:12:00Z http://repo.uum.edu.my/22413/ Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs Wong, Woei Chyuan Taufil Mohd, Kamarun Nisham Abdullah, Nur Adiana Hiau HJ Public Finance This study examines the effect of dividend tax changes on the share prices and corporate policies of Malaysian REITs.Event study results show that dividend tax cut announcements provide positive abnormal returns.Based on cross-sectional regression, the abnormal returns are found to be larger for REITs with a higher retail ownership.The implementation of dividend tax cuts also increases dividend payout and reduce investment activities. These results partly support the traditional view of dividend taxation which posits that tax reform could affect economic efficiency and resource allocation in an economy Taylor & Francis Group 2017 Article PeerReviewed application/pdf en http://repo.uum.edu.my/22413/1/PRPRJ%201%2014%202017.pdf Wong, Woei Chyuan and Taufil Mohd, Kamarun Nisham and Abdullah, Nur Adiana Hiau (2017) Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs. Pacific Rim Property Research Journal. pp. 1-14. ISSN 1444-5921 http://doi.org/10.1080/14445921.2017.1303263 doi:10.1080/14445921.2017.1303263
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HJ Public Finance
spellingShingle HJ Public Finance
Wong, Woei Chyuan
Taufil Mohd, Kamarun Nisham
Abdullah, Nur Adiana Hiau
Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
description This study examines the effect of dividend tax changes on the share prices and corporate policies of Malaysian REITs.Event study results show that dividend tax cut announcements provide positive abnormal returns.Based on cross-sectional regression, the abnormal returns are found to be larger for REITs with a higher retail ownership.The implementation of dividend tax cuts also increases dividend payout and reduce investment activities. These results partly support the traditional view of dividend taxation which posits that tax reform could affect economic efficiency and resource allocation in an economy
format Article
author Wong, Woei Chyuan
Taufil Mohd, Kamarun Nisham
Abdullah, Nur Adiana Hiau
author_facet Wong, Woei Chyuan
Taufil Mohd, Kamarun Nisham
Abdullah, Nur Adiana Hiau
author_sort Wong, Woei Chyuan
title Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
title_short Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
title_full Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
title_fullStr Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
title_full_unstemmed Announcement effects of dividend tax cuts and corporate policies: evidence from Malaysia REITs
title_sort announcement effects of dividend tax cuts and corporate policies: evidence from malaysia reits
publisher Taylor & Francis Group
publishDate 2017
url http://repo.uum.edu.my/22413/1/PRPRJ%201%2014%202017.pdf
http://repo.uum.edu.my/22413/
http://doi.org/10.1080/14445921.2017.1303263
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score 12.925488