References
- Ang , J. 1987 . “Do dividends matter? a review of corporate dividend theories and evidence” , Monograph Series in Finance and Economics Salomon Brothers, Center for the Study of Financial Institutions, Graduate School of Business Administration, New York University . Monograph 1987–2
- Auerbach , A. 1990 . “Debt, equity, and the taxation of corporate cash flows” . In Debt, Taxes, and Corporate Restructuring , Edited by: Shoven , J. and Waldfogel , J. Washington, D. C. : The Brookings Institution .
- Auerbach , A. and King , M. 1983 . “Taxation, portfolio choice, and debt‐equity ratios: a general equilibrium model” . Quarterly Journal of Economics , 98 : 587 – 609 .
- Bowers , J. and Ball , R. . The cost of equity capital under the Australian imputation tax system” . Paper presented at AAANZ Conference . Canberra.
- Brennan , M. 1970 . “Taxes, market valuation and corporate financial policy” . National Tax Journal , 25 : 417 – 427 .
- De Long , J. , Shleifer , A. , Summers , L. and Waldmann , R. 1990 . “Noise and trader risk in financial markets” . Journal of Political Economy , 98 (4) : 703 – 738 .
- Elton , E. and Gruber , M. 1970 . “Marginal shareholder tax rates and the clientele effect” . Review of Economics and Statistics , 52 : 68 – 74 .
- Elton , E. and Gruber , M. 1987 . Modern Portfolio Theory and Investment Analysis , (3rd ed) , New York : John Wiley & Sons .
- Grossman , S. and Stiglitz , J. 1980 . “On the impossibility of informationally efficient markets” . American Economic Review , : 393 – 408 .
- Hasseldine , D. 1989 . “Dividend imputation: the New Zealand model” . Bulletin for International Fiscal Documentation , 43 (5) : 203 – 213 .
- Miller , M. 1977 . “Debt and taxes” . Journal of Finance , 32 (2) : 261 – 275 .
- Poterba , J. and Summers , L. 1985 . “The economic effects of dividend • imputation” . In Recent Advances in Corporate Finance , Edited by: Altman , E. and Subrahmanyam , M. Homewood, Illinois : Richard D. Irwin .
- Reserve Bank of New Zealand . 1992 . Reserve Bank Bulletin , 55 (1) Wellington: Reserve Bank of New Zealand
- Rock , K. 1986 . “Why new issues are underpriced” . Journal of Financial Economics , 15 (1/2) : 187 – 212 .
- Sharpe , W. and Alexander , G. 1990 . Investments , (4th ed) , Englewood Cliffs : Prentice‐Hall International, Inc. .
- Department of Accounting and Finance, University of Auckland.