Does the OECD have "Teeth?": Evaluation of Market Reaction to Key Events in the OECD BEPS Action Plan Timeline

Persistent Link:
http://hdl.handle.net/10150/595044
Title:
Does the OECD have "Teeth?": Evaluation of Market Reaction to Key Events in the OECD BEPS Action Plan Timeline
Author:
Pitman, Amy Lynn
Issue Date:
2015
Publisher:
The University of Arizona.
Rights:
Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.
Abstract:
In February 2013, the OECD introduced its Base Erosion and Profit Shifting Project. This study investigates whether there is a market reaction on key event dates throughout the development of the BEPS project. The OECD has no regulatory power and analysts have doubted whether it will change the global corporate taxation structure or even lead to an increase in corporate taxation for multinational corporations. However, major accounting firms have published advice on how to comply with changes required by the BEPS Action Plan. I examine the three-day cumulative abnormal return for different categories of firms that may be disproportionately affected by changes brought about by the BEPS Project. I find the expected negative market reaction on several of the key event dates, indicating investors believe the OECD's plan will be implemented.
Type:
text; Electronic Thesis
Degree Name:
B.S.B.A.
Degree Level:
bachelors
Degree Program:
Honors College; Accounting
Degree Grantor:
University of Arizona
Advisor:
Drake, Katharine

Full metadata record

DC FieldValue Language
dc.language.isoen_USen
dc.titleDoes the OECD have "Teeth?": Evaluation of Market Reaction to Key Events in the OECD BEPS Action Plan Timelineen_US
dc.creatorPitman, Amy Lynnen
dc.contributor.authorPitman, Amy Lynnen
dc.date.issued2015en
dc.publisherThe University of Arizona.en
dc.rightsCopyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.en
dc.description.abstractIn February 2013, the OECD introduced its Base Erosion and Profit Shifting Project. This study investigates whether there is a market reaction on key event dates throughout the development of the BEPS project. The OECD has no regulatory power and analysts have doubted whether it will change the global corporate taxation structure or even lead to an increase in corporate taxation for multinational corporations. However, major accounting firms have published advice on how to comply with changes required by the BEPS Action Plan. I examine the three-day cumulative abnormal return for different categories of firms that may be disproportionately affected by changes brought about by the BEPS Project. I find the expected negative market reaction on several of the key event dates, indicating investors believe the OECD's plan will be implemented.en
dc.typetexten
dc.typeElectronic Thesisen
thesis.degree.nameB.S.B.A.en
thesis.degree.levelbachelorsen
thesis.degree.disciplineHonors Collegeen
thesis.degree.disciplineAccountingen
thesis.degree.grantorUniversity of Arizonaen
dc.contributor.advisorDrake, Katharineen
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