Tax-Induced Trading and the Identity of the Marginal Investor: Evidence from Sweden
2007 (Engelska)Ingår i: European Journal of Finance, ISSN 1351-847X, E-ISSN 1466-4364, Vol. 13, nr 7, s. 657-667Artikel i tidskrift (Refereegranskat) Published
Abstract [en]
Changes in the Swedish tax code during the 1990s were structured in a way that offers an opportunity to test whether ex-dividend prices were determined by the taxation of domestic individual investors. The results presented in this paper indicate that ex-dividend prices were not influenced by the relatively large tax changes for domestic individual investors. In addition, there was no evidence that the taxation of domestic individual investors influenced ex-dividend prices for any specific dividend yield group.
Ort, förlag, år, upplaga, sidor
2007. Vol. 13, nr 7, s. 657-667
Nyckelord [en]
Capital gains; Dividend yields; Ex-dividend; Taxation
Nationell ämneskategori
Nationalekonomi
Identifikatorer
URN: urn:nbn:se:hig:diva-922DOI: 10.1080/13518470701380290Scopus ID: 2-s2.0-35648944340OAI: oai:DiVA.org:hig-922DiVA, id: diva2:117584
2007-11-302007-11-302018-03-13Bibliografiskt granskad