Tax- and expense-modified risk-minimization for insurance payment processes
نویسندگان
چکیده
منابع مشابه
Valuation of tax expense
Both intuition and empirical evidence suggest that higher revenues increase value whereas higher expenses, including higher tax expense, decrease value. Some prior research, however, suggests that higher tax expense may be good news, despite the resulting reduction in after-tax earnings. We conduct a comprehensive investigation and find that surprises in both the current and deferred components...
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ژورنال
عنوان ژورنال: Scandinavian Actuarial Journal
سال: 2020
ISSN: 0346-1238,1651-2030
DOI: 10.1080/03461238.2020.1790413