This study finds that stock return volatility is higher during periods of high tax policy uncertainty (TPU), even after … return volatility is more pronounced where firms are characterized by greater variability in tax outcomes. We adopt a broad … dispersion during periods of high TPU, indicating the effects of tax policy uncertainty extend to sophisticated market …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1978 to 2018. We find that days of … discretionary tax legislation during all stages of the process often matter for returns, both in terms of statistical significance …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

low portfolio sorted by (Marginal Tax Rate) has an annual return of +12.7% during Republican presidential terms and -6 …

Election results may influence corporate performance by general changes in government spending and tax changes. In …