Redirigiendo al acceso original de articulo en 21 segundos...
ARTÍCULO
TITULO

2014 Tax reform and effect on the chilean stock market

Edinson Cornejo Saavedra    
Victor Villalobos Almarza    

Resumen

This study objective was to determine the effect of 2014 Tax Reform Bill on the Chilean stock market, in the period comprised from its announcement to the approval by National Congress in September 2014. The Event Study Method was used to analyze the abnormal returns of 40 IPSA index companies of different business sectors. Four events were considered within the study: 1) the submittal of the Tax Reform Bill to the Chamber of Deputies; 2) The Chamber of Deputies? approval of the Bill; 3) the signing up of an agreement between the Chilean Government and the Alianza; and 4) the Congress? approval of the Bill. The first event had produced significant average negative abnormal returns in companies of the manufacturing sector; the second event rendered non-significant average abnormal negative returns a day after in manufacturing, banking and finance, construction and transportation companies. The third event produced significant abnormal positive returns in the construction and retail companies. The last event showed mixed effects non conclusive.

Palabras claves

 Artículos similares

       
 
John Kwaku Amoh     Pág. 12 - 21
This paper estimates taxable capacity, tax effort and tax burden with a view to examining the tax fairness perceptions and tax system efficiency. The study employed ordinary least squares (OLS) regression and vector autoregressive (VAR) model for histori... ver más

 
Montserrat Govea Franco,Ruben Macias Acosta,Miguel Angel Oropeza Tagle     Pág. 47 - 60
Mexico?s oil market sharp fluctuations in the last decade have had a direct impact in the industry?s profitability. The current study revises the factors that influence the profitability behavior of Pemex. Likewise, a brief analysis on the effect that th... ver más

 
Arfah Habib Saragih  10.21831/economia.v14i2.21595     Pág. 197 - 211
Abstract: An Analysis of Local Taxes Revenue?s Effect on Human Development Index. Regional tax reform in Indonesia has been ongoing for approximately twenty years. The aim of the tax reform is to increase regional revenues from tax which will be used soc... ver más
Revista: Jurnal Economia

 
Cheng-Yih Hong,Chen-Jung Hsu,Jian-Fa Li     Pág. 140 - 146

 
Cheng-Yih Hong,Yi-Chi Tsai,Tsai- Rong Lee,Hui-Wen Dang     Pág. 21 - 25
For a long time the failure of the Transformation of the Industrial Structure and the impact of the financial crisis of 2008, Taiwan promoted tax reform to solve economic development and environmental protection, and the tax rate adjustment of business t... ver más