Yu, Hung-Chao; Chi, Wu-Chun; Hsu, Chun-Yuan - In: Journal of Business Finance & Accounting 30 (2003-04) 3-4, pp. 589-618
This paper tests two competing hypotheses describing investors' behavior: the efficient market hypothesis and the functional fixation hypothesis. In particular, this study examines how Taiwan's stock market interprets the nature of corporate income tax after the 1998 Tax Reform, which switches...