… two tax rates through 2008. Because one primary goal of JGTRRA is to promote long-run
capital formation, these tax … is the quantitative long-run effect of the 2003 dividend tax reform on …

… We analyze the short and long-run performance of firms that were differentially affected by a
… In this section, we investigate additional margins of firm responses to the dividend tax reform…

… tax rates through 2008. Because one primary goal of JGTRRA is to promote long%run capital
formation, these tax … is the quantitative long%run effect of the 2003 dividend tax reform on …

… several heterogeneous consumer groups in order to capture heterogeneous welfare effects.
… that continuously dampens production, turns the results negative in the long run when we …

… long run trends and inter‐temporal dividend patterns controlling economic reforms for a
relatively larger number of public limited firms … for unobservable firm heterogeneity whereas …

… I then present extensive robustness checks, tests for effects on employee compensation,
heterogeneity … over the very long run, but the near-term effect may be small because mature …

… The implementation of ETR has caused varying and heterogeneous performance effects …
effects. The data show that it is possible to obtain a DD and maintain it over the long run. From …

… the future long-run policy of the firm. Given the stickiness of … In addition, we use the tax reform
as a quasi-natural experiment … tax increase, there is less heterogeneity in the firms' actions, …

… Part I discusses the circumstances that led to President Bush's proposal for dividend tax
reform and outlines the legislation that was adopted. Part II critically examines the evidence …

… in the short run and economic growth in the long run. For this reason, governments in many
countries … Second, in a series of heterogeneity analyses, we show that firm responses to the …