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dc.contributor.authorRünger, Silkeen
dc.date.accessioned2012-02-29-
dc.date.accessioned2012-03-08T10:57:54Z-
dc.date.available2012-03-08T10:57:54Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aArbeitskreis Quantitative Steuerlehre (arqus) |cBerlin en
dc.relation.ispartofseries|aarqus Discussion Paper |x126en
dc.subject.jelG11en
dc.subject.jelG34en
dc.subject.jelH25en
dc.subject.jelH32en
dc.subject.ddc330en
dc.subject.keywordcorporate capital gainsen
dc.subject.keywordlock-in effecten
dc.subject.keywordcorporate equity holdingsen
dc.subject.keywordGermanyen
dc.subject.stwKörperschaftsteueren
dc.subject.stwWertzuwachssteueren
dc.subject.stwSteuerreformen
dc.subject.stwSteuerwirkungen
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwKapitalbeteiligungen
dc.subject.stwEigentümerstrukturen
dc.subject.stwCorporate Governanceen
dc.subject.stwDeutschlanden
dc.titleThe effect of Germany's repeal of the corporate capital gains tax: Evidence from the disposal of corporate minority holdings-
dc.typeWorking Paperen
dc.identifier.ppn68767106Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:arqudp:126en

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