Our Research Based Approach
Research shows that franking credits are not priced into the value of shares in
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