碩士 / 國立政治大學 / 財務管理學系 / 107 / This study investigates the association between choice of tax haven and stock price crash risk. Using a large sample of American companies that establish affiliates or subsidiaries in different locations of tax haven from 1996/01/01 to 2013/12/31. we find that firms which establish affiliates or subsidiaries in foreign tax haven tend to have higher stock price crash risk, and that firms which establish in both domestic and foreign tax haven have the highest stock price crash risk.
Moreover, we also examine whether Foreign Account Tax Compliance Act (FATCA) alleviated stock price crash risk. We find that FATCA did not decrease the stock price crash risk of foreign tax haven at the time when it was signed on March 18th, 2010 until it became effect on January 1st, 2013. All of the indicators show FATCA does play an important role in alleviating the stock price crash risk.
| Identifer | oai:union.ndltd.org:TW/107NCCU5305018 |
| Date | January 2019 |
| Creators | Chen, Sung-Ho, 陳松和 |
| Contributors | Chang, Yuan-Chen, 張元晨 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 56 |
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