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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Rünger, Silke | en |
dc.date.accessioned | 2012-02-29 | - |
dc.date.accessioned | 2012-03-08T10:57:54Z | - |
dc.date.available | 2012-03-08T10:57:54Z | - |
dc.date.issued | 2012 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aArbeitskreis Quantitative Steuerlehre (arqus) |cBerlin | en |
dc.relation.ispartofseries | |aarqus Discussion Paper |x126 | en |
dc.subject.jel | G11 | en |
dc.subject.jel | G34 | en |
dc.subject.jel | H25 | en |
dc.subject.jel | H32 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | corporate capital gains | en |
dc.subject.keyword | lock-in effect | en |
dc.subject.keyword | corporate equity holdings | en |
dc.subject.keyword | Germany | en |
dc.subject.stw | Körperschaftsteuer | en |
dc.subject.stw | Wertzuwachssteuer | en |
dc.subject.stw | Steuerreform | en |
dc.subject.stw | Steuerwirkung | en |
dc.subject.stw | Multinationales Unternehmen | en |
dc.subject.stw | Kapitalbeteiligung | en |
dc.subject.stw | Eigentümerstruktur | en |
dc.subject.stw | Corporate Governance | en |
dc.subject.stw | Deutschland | en |
dc.title | The effect of Germany's repeal of the corporate capital gains tax: Evidence from the disposal of corporate minority holdings | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 68767106X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:arqudp:126 | en |
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