Koch, Reinald; Holtmann, Svea; Giese, Henning - 2022
We analyze to what extent more generous tax loss offset regulations are associated with a weaker decline and stronger … recovery of firm stock prices during economic crises. We argue that an unrestricted loss carryforward and, particularly, an … unrestricted loss carryback provides firms with additional liquidity, which should lower the risk of bankruptcy and can be used for …
