New paper: Corporate charitable foundations, executive entrenchment, and shareholder distributions
“Corporate charitable foundations, executive entrenchment, and shareholder distributions” Nicolas J. Duquette, Eric C. Ohrn https://doi.org/10.1016/j.jebo.2018.04.006* Abstract We show that firms with corporate charitable foundations increased shareholder distributions by less than one half as much as similar firms without foundations following the 2003 capital income tax cut, even after controlling for Read more…