Giudici, Giancarlo; Paleari, Stefano - In: European Financial Management 9 (2003) 4, pp. 513-534
In Italy tax benefits are granted to firms going public. However, does such tax relief really reduce the corporate tax burden? In this study we tackle the issue by considering 21 industrial firms that were listed on the Italian Exchange from 1995 to 1997 and enjoyed a temporary tax rate cut-off....