investment purposes. Our empirical findings document that (1) an unrestricted loss carryforward and an unrestricted loss …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 …

Anti-tax loss trafficking rules disallow the use of loss carryforwards after a change in ownership or activity (such as … significant changes in turnover, employment, or the product portfolio). This restriction could threaten accumulated loss … carryforwards of start-ups. Accounting for the in-creased risk and reduced return on their investment, VC investors could reduce …

Anti-tax loss trafficking rules disallow the use of loss carryforwards after a change in ownership or activity (such as … significant changes in turnover, employment, or the product portfolio). This restriction could threaten accumulated loss … carryforwards of start-ups. Accounting for the increased risk and reduced return on their investment, VC investors could reduce …