Cox, Raymond A K; Kleiman, Robert T; Stout, R Gene - In: The Financial Review 29 (1994) 2, pp. 249-73
This paper presents additional evidence regarding the stock market reaction to the Tax Reform Act (TRA) of 1986. A prediction model of the change in the profitability index for thirty-three industry groups as a result of the TRA is developed. This prediction model is then tested by examining...