Hedging Corporate Income Tax Revenue in Finnish Municipalities

Hedging Corporate Income Tax Revenue in Finnish Municipalities


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

₹ 3,651

Availability: Out of stock


Delivery :

5% Cashback on all Orders paid using MobiKwik Wallet T&C

Free Krispy Kreme Voucher on all Orders paid using UltraCash Wallet T&C
Product Out of Stock Subscription

(Notify me when this product is back in stock)

  • Product Description
This book is a study of municipalities' possibilities to hedge corporate income tax revenues with stock market instruments. Four case municipalities Finland are considered in more detail. The hedging instruments are based on the S&P 500, Nasdaq 100 and OMX Helsinki indices. It is also looked at whether consolidation of municipalities would reduce the volatility of the tax revenues. The results show that the stock market based hedging strategy does not give trustworthy results that could be used to determine optimal strategies for the future. Even though theoretically the link between corporate revenues and stock markets should be significant, the tax revenues have been affected greatly by political decisions and legislation changes in the past, and thus determining optimal hedge ratios is not possible. Consolidation of the municipalities would have reduced the volatility of individual municipalities's tax revenues in the regions studied. The study concludes the process of consolidating municipalities to be an interesting topic for future research and a possible mean to reduce the volatility of the tax revenues in practice.
Product Specifications
SKU :COC13749
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24
0 Review(s)