TY  - JOUR
AB  - We assess the investor reaction to a potential introduction of public country-by-countryreporting (CbCR) into the European Capital Requirements Directive IV. Estimating cumulativeabnormal returns with the help of a multivariate regression model, we find weaksignificant evidence around our event date (February 20th, 2013) that investors perceive theintroduction of CbCR as beneficial. In additional tests, we assess investor perceptions relativeto different control groups (domestic institutions and non-EU institutions) and in thecross-section (splitting across size, systemically relevant, pre-event level of GAAP ETR andpre-event level of geographic disclosure). The only significant outcome is a negative reactionfor large international EU institutions.
AU  - Flagmeier, Vanessa
AU  - Gawehn, Vanessa
DA  - 2022
DO  - 10.17619/UNIPB/1-1594
PB  - Universitätsbibliothek
DP  - Universität Paderborn
LA  - eng
PY  - 2022
SP  - 1 Online-Ressource (C-48 Seiten)
TI  - Do investors care about tax disclosure?
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:466:2-43559
Y2  - 2026-01-10T06:04:49
ER  -