کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5069657 1476987 2016 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The abrogation of the “Impôt sur les opérations de bourse” did not foster the French stock market
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The abrogation of the “Impôt sur les opérations de bourse” did not foster the French stock market
چکیده انگلیسی


- From 1893 to 2007, a securities transaction tax was levied in France.
- With globalization, the implicit tax rate regularly decreased.
- Contrary to expectations, the abrogation of the tax did not boost the French market.
- The design of securities transaction tax is crucial.

Between 1893 and 2007, a securities transaction tax (“Impôts sur les opérations de bourse”) was levied on the French market. In this paper, I assess the impact of the tax abrogation. Using a difference-in-difference approach, I find no impact on market liquidity and volatility.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Finance Research Letters - Volume 17, May 2016, Pages 257-266
نویسندگان
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