Dividend Taxation and Firm Performance with Heterogeneous Payout Responses

We would like to thank Kristoffer Berg, Steve Bond, Will Boning, Pierre Boyer, Antoine Bozio, Michael Devereux, Arthur Guillouzouic, Todd Griffith, Matt Jaremski, Aija Leiponen, Clement Malgouyres, Adrien Matray, Jakob Miethe, Sarah Wolfolds, and Eddy Zanoutene for their comments. We would also like to thank seminar participants at Cornell, Manchester, NHH, Oxford University Center for Business Taxation, and Utah State University and conference participants at CESifo Public Economics week, ZEW Public Finance conference, CESifo Public Economics conference, and the IIPF congress for their helpful suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Irem Guceri is grateful to the British Academy and the Oxford University John Fell Fund for financial support.