Incidencia de la fiscalidad de los dividendos y ganancias patrimoniales en la rentabilidad de las acciones

Identifier:  imarina:5111763

Handle: https://hdl.handle.net/20.500.11797/imarina5111763

Authors:  De Andrés J; Barberá M; Garbajosa M; Terceño A

Abstract:
In this work we analyse the influence of the fiscal laws in the stocks rate of return and risk. We point out exhaustively the distortions produced by the fiscal laws 40/1998 passed the 9th December and the RD 214/1999 passed the 5th February. In this analysis we suppose the classical hypothesis that the stock behaviour follows a random walk, which is equivalent to suppose a geometric Brownian motion in case of working in a continuos time. © 2001 Asociación Española de Contabilidad y Administración de Empresas.