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

We study the foreign externalities of the recent U.S. tax reform, commonly known as the Tax Cuts and Jobs Act (TCJA). Specifically, we examine foreign firms’ stock returns around key tax reform events. We find significant heterogeneity in market responses by country, industry, and firm. Chinese firm...

Full description

Saved in:
Bibliographic Details
Published in:Management science 2020-02, Vol.66 (2), p.687-697
Main Authors: Gaertner, Fabio B., Hoopes, Jeffrey L., Williams, Braden M.
Format: Article
Language:English
Subjects:
Chemical industry
Companies
competition
corporate tax
Experience
Externality
Foreign companies
Foreign corporations
Herbicides
Human resource management
International economic relations
Markets
Metal industry
Pesticides industry
political economy
Psychological distress
Reforms
Steel industry
Stockholders
Tax cuts
Tax policy
Tax rates
Tax reform
Taxation
TCJA
Trump, Donald
Wealth
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!