Capital Gains Tax Overhang and Price Pressure
By Li Jin. 2006
123 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/ff80a8b43f37d87e0f2f4fbc18563f200988b0f5
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Timothy G. Pollock
- Violina P. Rindova
- Michael D. Pfarrer
- Andy Puckett
- Andrew Ellul
- Chotibhak Jotikasthira
- Xuemin Yan
- Yihui Wang
In Finance
- Timothy G. Pollock
- Violina P. Rindova
- Michael D. Pfarrer
- Andy Puckett
- Andrew Ellul
- Chotibhak Jotikasthira
- Xuemin Yan
- Yihui Wang
Citations in the corpus
- Tax Changes and Asset Pricing (2009, unknown): “Poterba (1987a); Zoran Ivkovich, Poterba, and Scott Weisbenner (2005); and Li Jin (2006) analyze the capital gains realization behavior of individual and institutional investors.”
- Event Day 0? After-Hours Earnings Announcements (2009, unknown): “PRICE is the closing price on day ?20, and VOLUME is the average trading volume from day ?270 to day ?21. INST is the fraction of shares held by institutional investors in the calendar quarter prior to the earnings announcement (from 13F filings) and ANUM is the number of analysts providing forecast”
- The Interim Trading Skills of Institutional Investors (2011, background): “3 Passive decisions to hold stocks already in the portfolio may occur to minimize benchmark tracking errors or for tax reasons (Jin (2006)).”
- A review of tax research (2010, unknown): “Evidence in Jin and Kothari (2008) suggest that managers that face the greatest tax burden from selling equity divest fewer shares.”
- Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading (2015, background): “12 See Veron (2008), and Bleck and Liu (2007) for an opposing view.”
- A Tale of Two Assets: The Effects of Firm Reputation and Celebrity on Earnings Surprises and Investors' Reactions (2010, methodology): “…for a firm (Barron et al., 2008; Mikhail et al., 2004; Skinner, 1994; Williams, 1996), sharp increases in its cost of capital (Mikhail et al., 2004), and more vigorous trading in its stock, indicating that investors are reevaluating their perceptions of the firm (Jin, 2006; Mikhail et al., 2004).”