In this study, the authors use an empirical approach to evaluate the impact of changes in the statutory corporate tax rate on stock market returns. The main objective is to investigate whether changes in income tax rates impact stock market returns and to examine the extent of this impact. According to the United Nations country classifications, the authors categorized the sample economies into two types: developed and developing1. The study further scrutinizes the differences in the outcomes when comparing developed with developing economies using a comparative study approach. Data on corporate tax rates and corresponding stock market returns are analyzed for developed economies of Japan, US and Italy, and developing economies of South Africa, Malaysia and India. The study uses panel data regression and correlation analysis of the variables of stock market returns and corporate tax rates from1990 to 2010. The statistical analysis revealed that the only significant impact was of tax cuts on stock market returns in general, and developed countries responded more strongly to tax cuts. For a 1% tax cut in rates, the stock markets could expect an increase in returns of 0.185% in the year of the tax change. Tax hikes, however, did not reveal any significant adverse effect on stock market returns. Hence, it is pertinent to note that developed and developing economies exhibit varied behaviors toward corporate tax policies and governments could make calculated decisions, considering the consequences of their tax policies on capital markets and corporate valuations.

ABSTRACT:Hydrogen production from CO2 reforming of methane over 20wt%.Co/Nd2O3 has been investigated in a fixed bed stainless steel reactor. The 20wt%.Co/Nd2O3 catalyst was synthesized using wet impregnation method and characterized for thermal stability, textural property, crystallinity, morphology and nature of chemical bonds using techniques such as TGA, XRD, N2 adsorption-desorption, FESEM, EDX and FTIR. The CO2 reforming of methane was performed at feed ratio (CH4:CO2) between 0.1-1 and reaction temperature ranged 973-1023 K. The catalyst displayed good activity towards selectivity and yield of hydrogen as well as CO, a by product. The selectivity and yield of Hydrogen increases with feed ratio and reaction temperature. The 20wt%.Co/Nd2O3 catalyst displayed promising catalytic activity for hydrogen production with the highest yield and selectivity of 32.5% and 17.6% respectively. © JASEM https://dx.doi.org/10.4314/jasem.v21i6.9

This paper examines the contrast between the view of clients and non-clients of web saving money. The principle point of demonetization is to dampen the money subordinate economy. This article analyzed the assessment on demonetization and its belongings. This investigation utilized a quantitative approach on New Generation bank clients having pay account with this bank. Moved toward pay account holders of this bank in select universities and researched that web saving money is anything but difficult to utilize, solid, advantageous, more secure, bother free. Specialist watched that there is significant divergence amongst clients and non-clients of green preparing activities. Despite the fact that the record holders are having web managing an account office the examination enquired that they are utilizing this office for exchanges and to know the feelings for not embracing the office. This article features the significance of actuating and utilizing web managing an account to advance money less exchange. The normal outcomes may give a reasonable view to the non-clients with respect to variables to utilize web saving money. The creators utilize SPSS to investigate the supposition and mindfulness among the clients of the bank.