Tax uncertainty and real investment decisions : evidence from mergers and acquisitions
This study uses corporate takeovers as a setting to examine how tax uncertainty affects managers' real investment decisions. Specifically, I investigate whether uncertainty about target firms' income taxes influences takeover premiums. Drawing on theories from finance, I predict that tax u...
Main Author: | |
---|---|
Format: | Others |
Language: | en_US |
Published: |
2013
|
Subjects: | |
Online Access: | http://hdl.handle.net/2152/21936 |