What does tax aggressiveness signal? Evidence from stock price reactions to news about tax shelter involvement

We study the stock price reaction to news about corporate tax aggressiveness. We find that, on average, a company's stock price declines when there is news about its involvement in tax shelters. We find some limited evidence for cross-sectional variation in the reaction. For example, the reacti...

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Bibliographic details
Volume: 93
Main Author: Hanlon, Michelle
Slemrod, Joel
Format: Journal Article
Language: English
Place of publication: LAUSANNE Elsevier B.V 2009
ELSEVIER SCIENCE SA
Elsevier
published in: Journal of public economics Vol. 93; no. 1; pp. 126 - 141
Data of publication: 2009
ISSN: 0047-2727
1879-2316
EISSN: 1879-2316
Discipline: Economics
Mathematics
Political Science
Series: Journal of Public Economics
Subjects:
H25
G30
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2009
Web of Knowledge
Web of Science
RePEc
RePEc IDEAS
CrossRef
Database information Databases - DBIS