Do Investors Use Prior Tax Avoidance when Pricing Tax Loss Carryforwards?
Do Investors Use Prior Tax Avoidance when Pricing Tax Loss Carryforwards?
About this item
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Publisher
Sarasota: American Accounting Association
Journal title
Language
English
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Publisher
Sarasota: American Accounting Association
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More information
Scope and Contents
Contents
The Internal Revenue Code allows firms to carry excess tax losses forward to offset future taxable income and reduce taxes. Consistent with tax loss carryforwards (TLCFs) creating a significant asset, prior research finds that investors positively value TLCFs. However, investors face significant uncertainty about whether firms will have sufficient...
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Full title
Do Investors Use Prior Tax Avoidance when Pricing Tax Loss Carryforwards?
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_proquest_journals_1835924482
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1835924482
Other Identifiers
ISSN
0198-9073
E-ISSN
1558-8017
DOI
10.2308/atax-51483
