DISCUSSION OF Examining Investor Expectations Concerning Tax Savings on the Repatriations of Foreign Earnings under the American Jobs Creation Act of 2004

This article discusses whether investors impound the expected decrease in deferred tax liability due to the repatriation of foreign earnings under the American Jobs Creation Act of 2004 (AJCA 2004) into firm value. The authors use price and long-window returns as alternative measures of firm value....

Ausführliche Beschreibung