A study on the effects of tax expense surprise on future stock returns under IFRS and US GAAP

• Main Authors: Andrade, Sean Robert L., Baluyot, Lyndon Marcus B., Carino, Juan Mari Sebastian S., Dave, Jose Lorenzo C.
• Format: text
• Language: English
• Published: Animo Repository 2016
• Subjects: Stocks > Taxation; Price-earnings ratio; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/9056
• Institution: De La Salle University

The researchers investigate the effects of tax expense surprise on future stock returns under two different accounting standards, namely IFRS and US GAAP, while controlling for other documented stock price anomalies. Previous studies have shown that seasonally differenced quarterly tax expense, the...