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http://hdl.handle.net/11375/5507
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DC Field | Value | Language |
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dc.contributor.author | Tihanyi, Eva | en_US |
dc.contributor.author | McMaster University, Faculty of Business | en_US |
dc.date.accessioned | 2014-06-17T20:36:57Z | - |
dc.date.available | 2014-06-17T20:36:57Z | - |
dc.date.created | 2013-12-23 | en_US |
dc.date.issued | 1980-03 | en_US |
dc.identifier.other | dsb/164 | en_US |
dc.identifier.other | 1163 | en_US |
dc.identifier.other | 4944188 | en_US |
dc.identifier.uri | http://hdl.handle.net/11375/5507 | - |
dc.description | <p>15, 4 p. ; Includes bibliographical references. ;</p> | en_US |
dc.description.abstract | <p>Three variants of a finite-horizon growth model are developed into regresĀsion equations to infer the stock market valuation of tax deferral gains, using approximately 2000 Compustat records from the 1970-75 period. It is concluded that deferred tax credits were recognized as sources of shareholder wealth, but subjected to a discount in comparison to reported earnings and reported equity funds. The expectation of deceleration, depreciation-correction, and price regulation are discussed as potential causes for the discount, and related to the industry-by-industry and year-by-year structure of the regression estimates.</p> | en_US |
dc.relation.ispartofseries | Research and working paper series (McMaster University. Faculty of Business) | en_US |
dc.relation.ispartofseries | no. 162 | en_US |
dc.subject.lcc | Valuation Stocks > Prices > Mathematical models Deferred tax | en_US |
dc.title | The market valuation of deferred taxes | en_US |
dc.type | article | en_US |
Appears in Collections: | DeGroote School of Business Working Paper Series |
Files in This Item:
File | Size | Format | |
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fulltext.pdf | 719.48 kB | Adobe PDF | View/Open |
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