Capital Market Evidence of Windfalls From the Acquisition of Tax Carryovers

Elizabeth R. Plummer and John R. Robinson

National Tax Journal, 1990, vol. 43, issue 4, 481-89

Abstract: Examines the relation between tax carryovers for acquired corporations and their excess stock returns at the time of announcement of a pending acquisition. Uses a matched pair design and limits the sample to taxable acquisitions which may qualify for a step up in tax basis.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:43:y:1990:i:4:p:481-89

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