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:	Tax aggressiveness Market reaction Tax shelter Economics Business & Economics Social Sciences Tax aggressiveness Tax shelter Market reaction H25 G30 Tax aggressiveness Market reaction Tax shelter CORPORATE
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