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http://hdl.handle.net/10419/55849
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| DC Field | | Value | | Language |
| dc.contributor.author | | Rünger, Silke | | en_US |
| dc.date.accessioned | | 2012-02-29 | | en_US |
| dc.date.accessioned | | 2012-03-08T10:57:54Z | | - |
| dc.date.available | | 2012-03-08T10:57:54Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/55849 | | - |
| dc.description.abstract | | Germany's repeal of the corporate capital gains tax for the disposal of domestic holdings was expected to substantially change the system of corporate network holdings and corporate control. Based on a general divestiture model, we show that the probability of a disposal increased after the tax reform. Using a unique data set with no need to proxy for the disposal of corporate equity holdings, we analyze 354 German minority holdings over the period 1999-2007. We find significant higher disposal rates for 2002, the year the reform became effective. Further analyses reveal that this effect can be attributed to non-listed parent companies outside the financial sector, i.e. companies mainly ignored in prior research. Thus, our results also help to explain why prior research using event studies failed to detect a widespread market reaction of German firms. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Arbeitskreis Quantitative Steuerlehre (arqus) | | en_US |
| dc.relation.ispartofseries | | Arqus-Diskussionsbeiträge zur quantitativen Steuerlehre 126 | | en_US |
| dc.subject.jel | | G11 | | en_US |
| dc.subject.jel | | G34 | | en_US |
| dc.subject.jel | | H25 | | en_US |
| dc.subject.jel | | H32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | corporate capital gains | | en_US |
| dc.subject.keyword | | lock-in effect | | en_US |
| dc.subject.keyword | | corporate equity holdings | | en_US |
| dc.subject.keyword | | Germany | | en_US |
| dc.subject.stw | | Körperschaftsteuer | | en_US |
| dc.subject.stw | | Wertzuwachssteuer | | en_US |
| dc.subject.stw | | Steuerreform | | en_US |
| dc.subject.stw | | Steuerwirkung | | en_US |
| dc.subject.stw | | Multinationales Unternehmen | | en_US |
| dc.subject.stw | | Kapitalbeteiligung | | en_US |
| dc.subject.stw | | Eigentümerstruktur | | en_US |
| dc.subject.stw | | Corporate Governance | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | The effect of Germany's repeal of the corporate capital gains tax: Evidence from the disposal of corporate minority holdings | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 68767106X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | arqus Diskussionsbeiträge zur Quantitativen Steuerlehre
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