Business, Management and Accounting
4 years ago

1987 Canadian Tax Reform Boosts Firm Equity Value, Stock Prices Soar!

The Global Journal of Business Research
AN INVESTIGATION OF THE VALUE RELEVANCE OF THE CORPORATE TAX REDUCTIONS FROM 1987 CANADIAN TAX REFORM
Zeng Tao

Paper Summary

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The study looked at how changes in Canadian corporate taxes in 1987 affected the value of companies. By analyzing the impact of tax savings on stock prices, the researchers found that firms that saved more on taxes saw their stock prices go up. This shows that corporate tax payments can influence how much a company is worth in the stock market.