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Tax Policy and Stock Prices

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NBER1986-12-01 更新2025-01-04 收录
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Windfall profits and losses accrue to investors only when expected after-tax returns or discount rates change, and major tax policy shifts are likely to alter these variables. This study introduces a cashflow valuation model for estimating the windfalls to owners of U.S. nonfinancial corporations

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1986-12-01
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