SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
A Reexamination of the Value of Tax Options
6 references·16 citing·49 second hopsampled
A Reexamination of the Value of Tax Options (1989)A Reexamination of the Value of Tax Optio…How Burdensome are Capital Gains Taxes? (1986)How Burdensome are Capital Ga…Optimal stock trading with personal taxes (1984)Optimal stock trading with pe…Optimal bond trading with personal taxes (1984)Optimal bond trading with per…Optimal Stock Trading with Personal Taxes: Implications for Prices and the Abnormal January Returns (1983)Optimal Stock Trading with Pe…Capital Market Equilibrium with Personal Tax (1983)Capital Market Equilibrium wi…An Empirical Investigation of the Arbitrage Pricing Theory (1980)An Empirical Investigation of…Are corporate inversions good for shareholders? (2017)Are corporate inversions good…Direct evidence of dividend tax clienteles (2014)Direct evidence of dividend t…Optimal tax-timing and asset allocation when tax rebates on capital losses are limited (2012)Optimal tax-timing and asset …Investment taxation and portfolio performance (2012)Investment taxation and portf…Market Valuation of Tax‐Timing Options: Evidence from Capital Gains Distributions (2006)Market Valuation of Tax‐Timin…Investment Taxation and Portfolio Performance (2006)Investment Taxation and Portf…Tax-Motivated Trading by Individual Investors (2004)Tax-Motivated Trading by Indi…Capital Market Equilibrium with Differential Taxation (2003)Capital Market Equilibrium wi…Portfolio Selection with Multiple Assets and Capital Gains Taxes (2001)Portfolio Selection with Mult…Unrealized Capital Gains and the Measurement of After-Tax Portfolio Performance (1999)Unrealized Capital Gains and …Optimal trading of a security when there are taxes and transaction costs (1999)Optimal trading of a security…Tax Planning and the Exercise of Employee Stock Options* (1998)Tax Planning and the Exercise…How Do Taxes Affect Investors' Stock Market Realizations? Evidence from Tax-Return Panel Data (1994)How Do Taxes Affect Investors…THE EFFECTS OF STOCK SPLITS ON THE OWNERSHIP MIX OF A FIRM (1993)THE EFFECTS OF STOCK SPLITS O…Are Negative Option Prices Possible? The Callable U.S. Treasury-Bond Puzzle (1992)Are Negative Option Prices Po…Tax options and the pricing of Treasury bond triplets Theory and evidence (1991)Tax options and the pricing o…An Intertemporal Capital Asset Pricing Model (1973)The Pricing of Options and Corporate Liabilities (1973)Theory of Rational Option Pricing (1973)The Market Reaction to Stock Splits (1987)The Courage of Misguided Convictions (1999)Optimization Methods in Finance (2006)A Theory of the Term Structure of Interest Rates (1985)A nonlinear general equilibrium model of the term structure of interest rates (1989)Turn-of-Month Evaluations of Liquid Profits and Stock Returns: A Common Explanation for the Monthly and January Effects (1990)Tax-Motivated Trading by Individual Investors (2005)Proportional Income Taxation and Risk-Taking (1944)Dividends and taxes (1978)Direct evidence on the marginal rate of taxation on dividend income (1985)Tax Evasion and Capital Gains Taxation (1987)DEBT AND TAXES* (1977)Portfolio Selection with Transaction Costs (1990)Consumption-investment problems with transaction costs: Survey and open problems (2000)A Near-Optimal Selling Rule for a Two-Time-Scale Market Model (2005)Mean-reversion and optimization (2014)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Optimum consumption and portfolio rules in a continuous-time model (1971)Optimal Consumption and Investment with Capital Gains Taxes (2001)Prospect Theory and the Disposition Effect (2010)Martingales and arbitrage in multiperiod securities markets (1979)Asset pricing and the bid-ask spread (1986)Arbitrage and the Expectations Hypothesis (2000)Theory of rational option pricing (2005)Reduced-form valuation of callable corporate bonds: Theory and evidence (2009)How do Treasury dealers manage their positions? (2024)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)Fundamentals and Stock Returns in Japan (1991)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Risk measurement when shares are subject to infrequent trading (1979)Are Investors Reluctant to Realize Their Losses? (1998)A New Estimate of Transaction Costs (1999)Ex-Dividend Day Price and Volume: The Case of 2003 Dividend Tax Cut (2008)Ex‐Dividend Profitability and Institutional Trading Skill (2016)Prospect Theory: An Analysis of Decision under Risk (1979)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Do Individual Investors Drive Post-Earnings Announcement Drift? Direct Evidence from Personal Trades (2003)Tax-Induced Trading around the Taxpayer Relief Act of 1997 (2008)A Reference Point Theory of Mergers and Acquisitions (2009)Volume for Winners and Losers: Taxation and Other Motives for Stock Trading (1986)Trading patterns, bid-ask spreads, and estimated security returns (1989)Do after-tax returns affect mutual fund inflows? (2002)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1980An Empirical Investigation of the Arbitrage Pricing Theory1,249 cited
  • 1983Capital Market Equilibrium with Personal Tax472 cited
  • 1983Optimal Stock Trading with Personal Taxes: Implications for Prices and the Abnormal January Returns409 cited
  • 1984Optimal stock trading with personal taxes308 cited
  • 1984Optimal bond trading with personal taxes265 cited
  • 1986How Burdensome are Capital Gains Taxes?146 cited

Cited by

  • 2006Market Valuation of Tax‐Timing Options: Evidence from Capital Gains Distributions64 cited
  • 1992Are Negative Option Prices Possible? The Callable U.S. Treasury-Bond Puzzle64 cited
  • 2004Tax-Motivated Trading by Individual Investors59 cited
  • 1999Optimal trading of a security when there are taxes and transaction costs57 cited
  • 2012Investment taxation and portfolio performance42 cited
  • 2014Direct evidence of dividend tax clienteles40 cited
  • 2003Capital Market Equilibrium with Differential Taxation39 cited
  • 1994How Do Taxes Affect Investors' Stock Market Realizations? Evidence from Tax-Return Panel Data39 cited
  • 2017Are corporate inversions good for shareholders?36 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 2012Optimal tax-timing and asset allocation when tax rebates on capital losses are limited26 cited
  • 1991Tax options and the pricing of Treasury bond triplets Theory and evidence26 cited
  • 2006Investment Taxation and Portfolio Performance26 cited
  • 1998Tax Planning and the Exercise of Employee Stock Options*25 cited
  • 1993THE EFFECTS OF STOCK SPLITS ON THE OWNERSHIP MIX OF A FIRM23 cited
  • 2001Portfolio Selection with Multiple Assets and Capital Gains Taxes23 cited
  • 1999Unrealized Capital Gains and the Measurement of After-Tax Portfolio Performance22 cited