Corpus ID: 154647605

Reinvestment Behavior of Large Repatriating Firms

@inproceedings{Brennan2012ReinvestmentBO,
  title={Reinvestment Behavior of Large Repatriating Firms},
  author={Thomas J. Brennan},
  year={2012}
}
  • Thomas J. Brennan
  • Published 2012
  • Business, Economics
  • I study changes in spending for corporations that repatriated cash pursuant to the tax holiday of the 2004 American Jobs Creation Act (AJCA). I analyze the entire multi-year period during which reinvestment of repatriations was permitted using a sample of public firms that includes over 50% of all repatriating firms and more than 95% of all amounts repatriated. Like prior researchers, I find that a portion of repatriated cash was used to return value to shareholders, but in contrast to common… CONTINUE READING

    References

    SHOWING 1-10 OF 18 REFERENCES
    An Analysis of the Tax Holiday for Repatriation Under the Jobs Act
    • 21
    Cash-Flow and Market Response to Repatriation
    • 17
    Watch What I Do, Not What I Say: the Unintended Consequences of the Homeland Investment Act
    • 182
    • Highly Influential
    • PDF
    Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act
    • 72
    • PDF
    What Matters in Corporate Governance?
    • 1,784
    • PDF
    Corporate Governance and Equity Prices
    • 3,367
    • PDF