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Foreign and domestic investors and tax induced ex-dividend day trading
16 references·0 citing·32 second hop
Foreign and domestic investors and tax induced ex-dividend day trading (2001)Foreign and domestic investors and tax in…A Trading Volume Benchmark: Theory and Evidence (1999)A Trading Volume Benchmark: T…Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes (1998)Why do stock prices drop by l…Ex dividend day stock price behavior: discreteness or tax-induced clienteles? (1998)Ex dividend day stock price b…Trading Volume with Private Valuation: Evidence from The Ex-Dividend Day (1996)Trading Volume with Private V…Investors' Heterogeneity, Prices, and Volume around the Ex-Dividend Day (1995)Investors' Heterogeneity, Pri…Ex-Dividend Price Behavior of Common Stocks (1994)Ex-Dividend Price Behavior of…Ex‐Dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act* (1991)Ex‐Dividend Day Stock Price B…Short-term trading around ex-dividend days (1988)Short-term trading around ex-…Dividends, taxes, and common stock prices (1987)Dividends, taxes, and common …Tax-induced trading around ex-dividend days (1986)Tax-induced trading around ex…The Ex-Dividend Day Behavior of Canadian Stock Prices: Tax Changes and Clientele Effects (1984)The Ex-Dividend Day Behavior …On interpreting security returns during the ex-dividend period (1984)On interpreting security retu…New Evidence That Taxes Affect the Valuation of Dividends (1984)New Evidence That Taxes Affec…Tax Reform and Ex-Dividend Day Behavior (1983)Tax Reform and Ex-Dividend Da…The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect (1982)The Ex-Dividend Day Behavior …Marginal Stockholder Tax Rates and the Clientele Effect (1970)Marginal Stockholder Tax Rate…The Association Between Market Determined and Accounting Determined Risk Measures. (1970)The valuation effects of stock splits and stock dividends (1984)Closed-end fund premia and returns implications for financial market equilibrium (1995)Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex‐Dividend Pricing before and after Decimalization (2003)Tax Changes and Asset Pricing (2009)The Adjustment of Stock Prices to New Information (1969)Stock returns and the weekend effect (1980)The Adjustment of Stock Prices to New Information (2003)Dividends and taxes (1978)Dividends and Taxes: Some Empirical Evidence (1982)The Cost of Transacting (1968)Differences of Opinion Make a Horse Race (1993)Trading Volume and Serial Correlation in Stock Returns (1993)Cross-Border Investing with Tax Arbitrage: The Case of German Dividend Tax Credits (2001)Capital Gains Taxes and Asset Prices: Capitalization or Lock‐in? (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Dividend Policy, Growth, and the Valuation of Shares (1961)The Investment, Financing, and Valuation of the Corporation (1963)A Theory of Dividends Based on Tax Clienteles (2000)Exchange Rates and Fundamentals (2005)Measuring security price performance (1980)Volume for Winners and Losers: Taxation and Other Motives for Stock Trading (1986)The behavior of daily stock market trading volume (1989)The effect of personal taxes and dividends on capital asset prices (1979)Using daily stock returns (1985)Jumps and Information Flow in Financial Markets (2011)DEBT AND TAXES* (1977)Determinants of Corporate Dividend Policy in Jordan: An Application of the Tobit Model (2007)Payout Policy (2014)Dividend Taxes and Implied Cost of Equity Capital (2005)
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References

  • 1970Marginal Stockholder Tax Rates and the Clientele Effect892 cited
  • 1982The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect440 cited
  • 1986Tax-induced trading around ex-dividend days331 cited
  • 1984On interpreting security returns during the ex-dividend period296 cited
  • 1984New Evidence That Taxes Affect the Valuation of Dividends287 cited
  • 1998Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes269 cited
  • 1998Ex dividend day stock price behavior: discreteness or tax-induced clienteles?249 cited
  • 1991Ex‐Dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act*214 cited
  • 1987Dividends, taxes, and common stock prices197 cited
  • 1996Trading Volume with Private Valuation: Evidence from The Ex-Dividend Day183 cited
  • 1999A Trading Volume Benchmark: Theory and Evidence180 cited
  • 1995Investors' Heterogeneity, Prices, and Volume around the Ex-Dividend Day173 cited
  • 1994Ex-Dividend Price Behavior of Common Stocks168 cited
  • 1988Short-term trading around ex-dividend days166 cited
  • 1983Tax Reform and Ex-Dividend Day Behavior150 cited

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  • 1984The Ex-Dividend Day Behavior of Canadian Stock Prices: Tax Changes and Clientele Effects143 cited
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