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http://hdl.handle.net/10419/55849
  

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dc.contributor.authorRünger, Silkeen_US
dc.date.accessioned2012-02-29en_US
dc.date.accessioned2012-03-08T10:57:54Z-
dc.date.available2012-03-08T10:57:54Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/55849-
dc.description.abstractGermany'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.isoengen_US
dc.publisherArbeitskreis Quantitative Steuerlehre (arqus)en_US
dc.relation.ispartofseriesArqus-Diskussionsbeiträge zur quantitativen Steuerlehre 126en_US
dc.subject.jelG11en_US
dc.subject.jelG34en_US
dc.subject.jelH25en_US
dc.subject.jelH32en_US
dc.subject.ddc330en_US
dc.subject.keywordcorporate capital gainsen_US
dc.subject.keywordlock-in effecten_US
dc.subject.keywordcorporate equity holdingsen_US
dc.subject.keywordGermanyen_US
dc.subject.stwKörperschaftsteueren_US
dc.subject.stwWertzuwachssteueren_US
dc.subject.stwSteuerreformen_US
dc.subject.stwSteuerwirkungen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwKapitalbeteiligungen_US
dc.subject.stwEigentümerstrukturen_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwDeutschlanden_US
dc.titleThe effect of Germany's repeal of the corporate capital gains tax: Evidence from the disposal of corporate minority holdingsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn68767106Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:arqudp:126-
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