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Our Research Based Approach Imputation Credits Our approach: Research shows that franking credits are not priced into the value of shares in
The research:
The value of dividend imputation tax credits in Australia Journal of Financial Economics Damien Cannavan, Frank Finn and Stephen Gray July 2004, Vol. 73, No. 1: 167-197
What the paper says: Franking (or imputation) credits are not priced into the value of shares.
In the author's own words: "the implied value of tax credits has been insignificantly different from zero".
The next page in the research story - The Impact of Fees on Returns
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