The objective of this study is to examine stock market investments responses to changes in capital gains tax rate. A priori, rational taxpayers are expected to respond to changes in this tax rate. For example, a reduction (increase) in capital gains tax rates may make taxpayers to unlock...

This study examines the relation between climate policy uncertainty (CPU) and corporate tax avoidance. Using a novel measure of CPU, we document that CPU is negatively related to effective taxes rates for both contemporary and future years. During higher levels of CPU, firms undertake aggressive...

This study investigates the relation between a hospitality and tourism firm's business strategy and its chief executive officer (CEO) compensation. Using a comprehensive measure of business strategy based on Miles and Snow's (1978, 2003) theoretical framework, we find that, in the hospitality...