000			01729nab a2200325 c 4500
999			_c144538 _d144538
003			ES-MaIEF
005			20210825124755.0
007			ta
008			210825t2021 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_956380 _aOveresch, Michael
245		0	_aCross-Border effects of a major tax reform _bevidence from the European stock market _c Michael Overesch and Max Pflitsch
260			_c2021
500			_aDisponible también en formato electrónico.
500			_aResumen.
504			_aBibliografía.
520			_aWe analyze the effects of the major US tax reform of 2017 on European firms. Although foreign firms that are active in the respective country should be directly affected, other foreign firms could also be indirectly affected through competition. With an event study design, we analyze stock market returns in Europe around key dates in the legislative process leading to the Tax Cuts and Jobs Act. We find positive market returns for the European firms that are active in the United States. Moreover, our results suggest an indirect effect through competition. European firms that face strong competition from US firms in their domestic markets exhibit significantly lower returns.
650			_aIMPUESTOS _947460
650			_aPOLITICA FISCAL _948067
650			_aREFORMA _910750
650			_aESTADOS UNIDOS _942888
650		4	_aINCIDENCIA Y TRASLACION _946552
650		4	_aSOCIEDADES _948454
650		4	_aBENEFICIOS _932314
650		4	_aEUROPA _943946
650		4	_aCOMPETENCIA _950222
700	1		_969175 _aPflitsch, Max
773	0		_9165394 _oOP 233/2021/1 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 74, n. 1, March 2021, p. 75-106
942			_cART