Dissertation/ Thesis
A Study of Stock Market Reactions to Half-Reducing Land Value Increment tax.
| العنوان: | A Study of Stock Market Reactions to Half-Reducing Land Value Increment tax. |
|---|---|
| Alternate Title: | 土地增值稅減半徵收之市場反應研究 |
| المؤلفون: | Lin, Li-Yu, 林栗羽 |
| Thesis Advisors: | Lin, Su-ming, 林世銘 |
| سنة النشر: | 2003 |
| المجموعة: | National Digital Library of Theses and Dissertations in Taiwan |
| الوصف: | 91 In July 2001, a proposal of half-reducing the land value increment tax was raised, and on January 17th 2002, the amendment of half-reducing the land value increment tax for two years was passed. The proposal was predicted to have positive impacts on stock markets. This study examines the causation between cumulative abnormal return (CAR) and six company characteristic variables: land-to-total assets ratio (business), land-to-total assets ratio (sale), debt ratio, market value / book value ratio, the natural logarithm of total assets, and quick ratio. The results of this study are as follows: (1) CAR of the five selected event days is positive. (2) For all listed companies (excluding banking and insurance industry), CAR is positively related with land-to-total assets ratio (business), land-to-total assets ratio (sale), debt ratio, and the natural logarithm of total assets, and negatively related with market value / book value ratio. The coefficient of land-to-total assets ratio (sale) is higher than land-to-total assets ratio (business), which indicates that the proposal has greater impact on companies with higher land-to-total assets ratio (sale). (3) For construction companies, CAR is negatively related with land-to-total assets ratio (business) and market value to book value ratio, and positively related with the natural logarithm of total assets. |
| Original Identifier: | 091NTU00385024 |
| نوع الوثيقة: | 學位論文 ; thesis |
| وصف الملف: | 56 |
| الاتاحة: | http://ndltd.ncl.edu.tw/handle/44770489782703099920 |
| رقم الانضمام: | edsndl.TW.091NTU00385024 |
| قاعدة البيانات: | Networked Digital Library of Theses & Dissertations |
| الوصف غير متاح. |