Making Only America Great? Non-U.S. Market Reactions to U.S. Tax Reform

References

• Altman EI (1968) Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. J. Finance 23(4):589–609.Crossref, Google Scholar
• Bernard, D (2016) Is the risk of product market predation a cost of disclosure? J. Accounting Econom. 62(2–3):305–325.Google Scholar
• Blanchard O, Collins CG, Jahan-Parvar MR, Pellet T, Wilson BA (2018) A year of rising dangerously? The U.S. stock market performance in the aftermath of the presidential election. J. Policy Model. 40(3):489–502.Crossref, Google Scholar
• Carrizosa R, Gaertner FB, Lynch D (2019) Debt and taxes? The effect of TCJA interest limitations on capital structure. Working paper, University of Texas at El Paso, El Paso.Google Scholar
• Chen S, Erickson M, Harding M, Stomberg B, Xia J (2019) The magnitude and accuracy of companies’ estimates of the immediate financial statement impact of the Tax Cuts and Jobs Act. Working paper, University of Arizona, Tucson.Google Scholar
• Donohoe MP, Jang H, Lisowsky P (2018) Competitive externalities of tax cuts. Working paper, University of Illinois at Urbana–Champaign, Champaign.Google Scholar
• Gaertner FB, Lynch D, Vernon M (2018) The effects of the Tax Cuts & Jobs Act of 2017 on defined benefit pension contributions. Working paper, University of Wisconsin–Madison, Madison.Google Scholar
• Hall RE, Jorgenson DW (1967) Tax policy and investment behavior. Amer. Econom. Rev. 57(3):391–414.Google Scholar
• Hanlon M, Hoopes JL, Slemrod J (2019) Tax reform made me do it! Tax Policy Econom. 33:33–80.Crossref, Google Scholar
• Jacob P, Ylan M (2017) Trump tax plan: What we know about Republican tax reform proposal. CNBC (September 25), https://www.cnbc.com/2017/09/25/trump-tax-plan-what-we-know-about-republican-tax-reform-proposal.html.Google Scholar
• Kim J, Nessa ML, Wilson RJ (2018) How do reductions in foreign country corporate tax rates affect U.S. domestic manufacturing firms? Working paper, University of Oregon, Eugene.Google Scholar
• Kothari SP, Warner J (2008) Econometrics of event studies. Eckbo BE, ed. Handbook of Empirical Corporate Finance (Elsevier, Amsterdam), 5–36.Google Scholar
• Koutney C, Mills LF (2018) The immediate impact of tax reform on corporate earnings: Investor expectations and reactions. Working paper, George Mason University, Fairfax, VA.Google Scholar
• Kubick TR, Lynch DP, Mayberry MA, Omer TC (2015) Product market power and tax avoidance: Market leaders, mimicking strategies, and stock returns. Accounting Rev. 90(2):675–702.Crossref, Google Scholar
• Li F, Lundholm R, Minnis M (2013) A measure of competition based on 10-K filings. J. Accounting Res. 51(2):399–436.Crossref, Google Scholar
• Mankiw NG (2011) Principles of Microeconomics, 6th ed. (Cengage Learning, Mason, OH).Google Scholar
• Overesch M, Pflitsch M (2019) Cross-border effects of a major tax reform—Evidence from the European stock market. Working paper, Universität zu Köln, Cologne, Germany.Google Scholar
• Wagner AF, Zeckhauser RJ, Ziegler A (2018a) Company stock reactions to the 2016 election shock: Trump, taxes and trade. J. Financial Econom. 130(2):428–451.Google Scholar
• Wagner AF, Zeckhauser RJ, Ziegler A (2018b) Unequal rewards to firms: Stock market responses to the Trump election and the 2017 corporate tax reform. Amer. Econom. Assoc. Papers Proc. 108(May):590–596.Google Scholar