[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-13274":3,"doc-seo-13274":27},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":19,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"table_of_contents":24,"faqs":24,"seo_title":13,"seo_description":14,"update_tm":25,"read_time":26},13274,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?_k=1776737595927829259",8,"Research & Report","Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut","Uses the 2003 U.S. individual dividend tax cut to identify how dividend taxation affects corporate payout behavior. Documents a 20% rise in dividend payments by nonfinancial, nonutility public firms after the reform, including more firms initiating or increasing regular dividends. Evidence from nontaxable institutional ownership and heterogeneous firm incentives supports a causal tax effect. Principal-agent considerations are suggested as an important channel.","cbCaij14PjDt41ej","https://ap.wps.com/l/cbCaij14PjDt41ej","pdf",4935066,16,1,43,"English","en","",1776554308,108,{"code":4,"msg":28,"data":29},"ok",{"site_id":30,"language":23,"slug":31,"title":13,"keywords":24,"description":14,"schema_data":32,"social_meta":67,"head_meta":70,"extra_data":72,"updated_unix":25},105,"dividend-taxes-and-corporate-behavior-evidence-from-the-2003-dividend-tax-cut",{"@graph":33,"@context":66},[34,51],{"@type":35,"itemListElement":36},"BreadcrumbList",[37,41,45,48],{"item":38,"name":39,"@type":40,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":42,"name":43,"@type":40,"position":44},"https://docshare.wps.com/document/","Document",2,{"item":46,"name":12,"@type":40,"position":47},"https://docshare.wps.com/document/research-report/",3,{"item":49,"name":13,"@type":40,"position":50},"https://docshare.wps.com/document/dividend-taxes-and-corporate-behavior-evidence-from-the-2003-dividend-tax-cut/13274/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"description":14,"dateModified":59,"datePublished":60,"encodingFormat":58,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":38,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-06-05","2026-04-18",true,{"@type":63,"interactionType":64,"userInteractionCount":19},"InteractionCounter",{"@type":65},"ViewAction","https://schema.org",{"og:url":68,"og:type":69,"og:title":13,"og:site_name":56,"og:description":14},"https://docshare.wps.com/document/dividend-taxes-and-corporate-behavior-evidence-from-the-2003-dividend-tax-cut/13274","article",{"robots":71,"canonical":68},"index,follow",{"doc_id":7,"site_id":30}]