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S. A. Ravid and O. H. Sarig, “Financial Signaling by Committing to Cash Outflows,” Journal of Financial and Quantitative Analysis, Vol. 26, No. 2, 1991, pp. 165-180.
http://dx.doi.org/10.2307/2331263

has been cited by the following article:

• TITLE: Tax Shield and Its Impact on Corporate Dividend Policy: Evidence from Pakistani Stock Market

  AUTHORS: Akhlaq ul Hassan, Mubashar Tanveer, Muhammad Siddique, Muhammad Mudasar

  KEYWORDS: Dividend Policy; Tax Shield; Determinant’s of Dividends

  JOURNAL NAME: iBusiness, Vol.5 No.4, December 27, 2013

  ABSTRACT: The problem: what is the taxation impact on dividend policy? While much optimal taxation research focuses on the economic effects of taxation, the purpose of this study is to add a new dimension by investigating the relationship between taxation and payout ratio and some other variables of dividend policy. These relations are tested using the data from financial statements of KSE listed companies. The results show that tax shield has no significant relation to the dividend payout ratio but mostly dividend policy is due to the size of the firm and its profitability.