Tax-induced trading around ex-dividend days
This paper investigates trading volume around ex-dividend days. For taxable distributions (cash dividends), it is found that trading volume increases significantly around the ex-dividend day. This increase is more pronounced for high yield, actively traded stocks and after brokerage commissions beca...
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Veröffentlicht in: | Journal of financial economics 1986-07, Vol.16 (3), p.287-319 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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