Derivatives-implied tax uncertainty

• Applicants: Professorin Dr. Monika Gehde-Trapp; Professorin Dr. Caren Sureth-Sloane
• Subject Area: Accounting and Finance
• Term: since 2025
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 509303834

In this project, we investigate the impact of tax expectations and tax uncertainty on asset prices and corporate decision making. As tax expectations depend on changes in the tax code, but also on tax policy uncertainty in administrative and judicial issues, it is necessary to investigate tax expectations separately. We develop new measures of tax expectations and assess econometrically whether our measures have any statistically and economically meaningful impact on asset prices and corporate decisions.

• DFG Programme: Research Units
• Subproject of: FOR 5583: Asset allocation and asset pricing in regulated markets and institutions
• Co-Investigator: Professorin Dr. Marliese Uhrig-Homburg