Anticipated tax planning as a source of merger gains
This paper investigates anticipated tax planning as an underlying source of value creation for acquirers’ shareholders. We hypothesize that merger announcement returns for acquirers reflect their shareholders’ beliefs about the future tax planning performance of the merged firm. Our analyses show th...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1634 |
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| Institution: | Singapore Management University |
| Language: | English |