The market valuation of deferred taxes

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.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 regression 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.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.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

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