References
- Abernathy, J. L., Barnes, M., Stefaniak, C., & Weisbarth, A. (2017). An international perspective on audit report lag: A synthesis of the literature and opportunities for future research. International Journal of Auditing, 21(1), 100–127. https://doi.org/10.1111/ijau.12083
- Aivazian, V., Booth, L., & Cleary, S. (2003). Do emerging market firms follow different dividend policies from US firms? Journal of Financial Research, 26(3), 371–387. https://doi.org/10.1111/1475-6803.00064
- Amiram, D., Bauer, A. M., & Frank, M. M. (2016). Tax avoidance at public corporations driven by shareholder taxes: Evidence from changes in dividend tax policy (Working Paper Series No. 2111467). Darden Business School. Retrieved from http://doi.org/10.2139/ssrn.2111467
- Andres, C., Doumet, M., Fernau, E., & Theissen, E. (2015). The Lintner model revisited: Dividends versus total payouts. Journal of Banking & Finance, 55, 56–69. https://doi.org/10.1016/j.jbankfin.2015.01.005
- Badenhorst, W. M. (2017). Tax preferences, dividends and lobbying for maximum value. South African Journal of Economic and Management Sciences, 20(1), 1–10. https://doi.org/10.4102/sajems.v20i1.1476
- Baker, H. K., & Jabbouri, I. (2016). How Moroccan managers view dividend policy. Managerial Finance, 42(3), 270–288. https://doi.org/10.1108/MF-07-2015-0211
- Bird, A. (2013). Taxation and financial decision making ( Unpublished Doctoral dissertation, University of Toronto, Canada).
- Bulan, L., Subramanian, N., & Tanlu, L. (2007). On the timing of dividend initiations. Financial Management, 36(4), 31–65.
- Correia, C., Flynn, D., Uliana, E., Wormald, M., & Dillon, J. (2015). Financial management (8th ed.). Cape Town: Juta.
- DeAngelo, H., DeAngelo, L., & Skinner, D. J. (2007). Corporate payout policy. Foundations and Trends in Finance, 3(2-3), 95–287. https://doi.org/10.1561/0500000020
- Farre-Mensa, J., Michaely, R., & Schmalz, M. C. (2014). Payout policy. Annual Review of Financial Economics, 6(1), 75–134. https://doi.org/10.1146/annurev-financial-110613-034259
- Firer, C., Gilbert, E., & Maytham, A. (2008). Dividend policy in South Africa. Investment Analysts Journal, 37(68), 5–19. https://doi.org/10.1080/10293523.2008.11082500
- Graham, M. (1999). The effect of STC on earnings retention. South African Journal of Accounting Research, 13(1), 63–75. https://doi.org/10.1080/10291954.1999.11435085
- Hanlon, M., & Hoopes, J. L. (2014). What do firms do when dividend tax rates change? An examination of alternative payout responses. Journal of Financial Economics, 114(1), 105–124. https://doi.org/10.1016/j.jfineco.2014.06.004
- Johannesburg Stock Exchange (JSE). (2017). JSE Limited Listings Requirements. Service issue no. 25. Johannesburg: LexisNexis Butterworths.
- Knechel, W. R., & Payne, J. L. (2001). Additional evidence on audit report lag. Auditing, 20(1), 137–146. https://doi.org/10.2308/aud.2001.20.1.137
- Korinek, A., & Stiglitz, J. E. (2009). Dividend taxation and intertemporal tax arbitrage. Journal of Public Economics, 93(1-2), 142–159. https://doi.org/10.1016/j.jpubeco.2008.08.001
- Korkeamaki, T., Liljeblom, E., & Pasternack, D. (2010). Tax reform and payout policy: Do shareholder clienteles or payout policy adjust? Journal of Corporate Finance, 16(4), 572–587. https://doi.org/10.1016/j.jcorpfin.2009.12.003
- Marcus, M., & Toerien, F. (2014). The relative cost of internal vs. external equity in South Africa: The impact of capital gains and dividend taxes. South African Journal of Accounting Research, 28(1), 97–116. https://doi.org/10.1080/10291954.2014.11463129
- Mouton, J. (2001). How to succeed in your master's and doctoral studies: A South African guide and resource book. Pretoria: Van Schaik.
- Nel, R. (2018). Investor tax-driven preferences for dividends and share repurchases of listed companies. South African Journal of Accounting Research, 32(1), 71–87. https://doi.org/10.1080/10291954.2017.1414349
- Profile Media. (2010). Profile's stock exchange handbook, Oct. 2009 – Jan. 2010. Pietermaritzburg: Pintrepid.
- Profile Media. (2015). Profile's stock exchange handbook, 2015 - Issue 5. Pietermaritzburg: Pintrepid.
- Roeleveld, J. (2015). The road to dividend withholding tax in South African income tax law. In J. Hattingh, J. Roeleveld, & C. West (Eds.), Income tax in South Africa: The first 100 years (1914–2014) (pp. 111–131). Cape Town: Juta.
- Short, H., Zhang, H., & Keasey, K. (2002). The link between dividend policy and institutional ownership. Journal of Corporate Finance, 8(2), 105–122. https://doi.org/10.1016/S0929-1199(01)00030-X
- Slemrod, J. (1992). Do taxes matter? Lessons from the 1980s (Working Paper No. w4008). Cambridge, Massachusetts: National Bureau of Economic Research.
- South African Revenue Service (SARS). (2015). Comprehensive guide to dividends tax. Retrieved from http://www.sars.gov.za
- Toerien, F., & Marcus, M. (2014). The effect of South African dividend and capital gains taxes on share prices and investor expected returns. Journal of Applied Business Research, 30(3), 895–908. https://doi.org/10.19030/jabr.v30i3.8574
- Venter, S. (2014). The impact of the introduction of dividends tax in South Africa on foreign and local investors ( Unpublished Master's dissertation, University of Pretoria, South Africa).
- Wesson, N., Bruwer, B. W., & Hamman, W. D. (2015). Share repurchase and dividend payout behaviour: The South African experience. South African Journal of Business Management, 46(3), 43–54. https://doi.org/10.4102/sajbm.v46i3.100
- Williams, L. J., & Abdi, H. (2010). Fisher's least significant difference (LSD) test. In N. Salkind (Ed.), Encyclopedia of research design (pp. 840–853). Thousand Oaks, California: Sage.