| Tekijä: | Pincus, M. |
| Otsikko: | Stock price effects of the allowance of LIFO for tax purposes |
| Lehti: | Journal of Accounting & Economics
1997 : NOV, VOL. 23:3, p. 283-308 |
| Asiasana: | SHARE PRICES LIFO METHOD CORPORATE PLANNING INCOME TAX |
| Kieli: | eng |
| Tiivistelmä: | This article focuses on the origins of LIFO as an acceptable tax accounting procedure and investigates stock price behavior associated with legislative events that led to LIFO's inclusion in the US tax code. The analysis is structured as an event study of the Revenue Acts of 1938 and 1939. The results indicate a positive net market reaction to legislative events leading to LIFO's incorporation into the US tax code for the sample firms having the largest estimated LIFO tax benefits. |
SCIMA