Details

Autor(en) / Beteiligte

• Flagmeier, Vanessa
• Gawehn, Vanessa

Titel

Do investors care about tax disclosure?

Ort / Verlag

Paderborn : Universitätsbibliothek

Erscheinungsjahr

2022

Link zum Volltext

• Hochschulschriften Visual Library - Scan2Web Hochschulschriften UB Paderborn (s2w-hsspadubpb)
• Hochschulschriften Visual Library - Scan2Web Hochschulschriften UB Paderborn (s2w-hsspadubpb)

Link zu anderen Inhalten

• Volltext
• Volltext

Verknüpfte Titel

Beschreibungen/Notizen

• Open Access
• eng: We assess the investor reaction to a potential introduction of public country-by-countryreporting (CbCR) into the European Capital Requirements Directive IV. Estimating cumulativeabnormal returns with the help of a multivariate regression model, we find weaksignificant evidence around our event date (February 20th, 2013) that investors perceive theintroduction of CbCR as beneficial. In additional tests, we assess investor perceptions relativeto different control groups (domestic institutions and non-EU institutions) and in thecross-section (splitting across size, systemically relevant, pre-event level of GAAP ETR andpre-event level of geographic disclosure). The only significant outcome is a negative reactionfor large international EU institutions.