Essec\Faculty\Model\Contribution {#2233
#_index: "academ_contributions"
#_id: "14750"
#_source: array:26 [
"id" => "14750"
"slug" => "dividend-taxes-and-the-allocation-of-capital-comment"
"yearMonth" => "2023-07"
"year" => "2023"
"title" => "Dividend Taxes and the Allocation of Capital: Comment"
"description" => "BACH, L., BOZIO, A., GUILLOUZOUIC, A. et MALGOUYRES, C. (2023). Dividend Taxes and the Allocation of Capital: Comment. <i>American Economic Review</i>, 113(7), pp. 2048-2052."
"authors" => array:4 [
0 => array:3 [
"name" => "BACH Laurent"
"bid" => "B00007940"
"slug" => "bach-laurent"
]
1 => array:1 [
"name" => "Bozio Antoine"
]
2 => array:1 [
"name" => "Guillouzouic Arthur"
]
3 => array:1 [
"name" => "Malgouyres Clément"
]
]
"ouvrage" => ""
"keywords" => array:4 [
0 => "Fiscal policies"
1 => "firm behavior"
2 => "fixed investment"
3 => "capital budgeting"
]
"updatedAt" => "2024-10-31 13:51:19"
"publicationUrl" => "https://doi.org/10.1257/aer.20221432"
"publicationInfo" => array:3 [
"pages" => "2048-2052"
"volume" => "113"
"number" => "7"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "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."
"en" => "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."
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-12-21T14:21:48.000Z"
"docTitle" => "Dividend Taxes and the Allocation of Capital: Comment"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/bach-laurent">BACH Laurent</a>, Bozio Antoine, Guillouzouic Arthur, Malgouyres Clément"
"docDescription" => "<span class="document-property-authors">BACH Laurent, Bozio Antoine, Guillouzouic Arthur, Malgouyres Clément</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2023</span>"
"keywordList" => "<a href="#">Fiscal policies</a>, <a href="#">firm behavior</a>, <a href="#">fixed investment</a>, <a href="#">capital budgeting</a>"
"docPreview" => "<b>Dividend Taxes and the Allocation of Capital: Comment</b><br><span>2023-07 | Articles </span>"
"docType" => "research"
"publicationLink" => "<a href="https://doi.org/10.1257/aer.20221432" target="_blank">Dividend Taxes and the Allocation of Capital: Comment</a>"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 8.479699
+"parent": null
}
