Dividend Taxes and the Allocation of Capital: Comment - HAL Accéder directement au contenu
Article dans une revue American Economic Review Année : 2023

Dividend Taxes and the Allocation of Capital: Comment

Résumé

Boissel and Matray (2022) find that investment increased after 2013 in French firms facing higher dividend taxes. We identify an alteration in the code plotting the event study of the effect of this reform on investment. Using identical data and removing this alteration, we find differential pre-trends between treated and control firms. We also establish that the controls referred to as “size growth,” used in all the difference-in-difference specifications, effectively are controls for lagged investment, i.e., the main outcome variable. Removing such controls attenuates differential pre-trends but leaves no clear event study evidence of a positive effect of dividend taxation on investment.
Loading...
Fichier non déposé

Dates et versions

halshs-04346639, version 1 (15-12-2023)

Identifiants

Citer

Laurent Bach, Antoine Bozio, Arthur Guillouzouic, Clément Malgouyres. Dividend Taxes and the Allocation of Capital: Comment. American Economic Review, 2023, 113 (7), pp.2048-2052. ⟨10.1257/aer.20221432⟩. ⟨halshs-04346639⟩
83 Consultations
0 Téléchargements
Dernière date de mise à jour le 28/04/2024
comment ces indicateurs sont-ils produits

Altmetric

Partager

Gmail Facebook Twitter LinkedIn Plus