Ex Day Effects of the 1984 and 1986 Tax Reform Acts

The Empirical Economics Letters, 13(1), January 2014, 53-58.

6 Pages Posted: 21 Sep 2015

See all articles by Rakesh Bali

Rakesh Bali

affiliation not provided to SSRN (deceased)

Jack Clark Francis

Zicklin School of Business, Baruch College

Date Written: January 16, 2014

Abstract

We study the joint effects of the Tax Reform Acts of 1984 and 1986 on ex day pricing dynamics. The behavior is consistent with short-term tax-neutral arbitragers at the margin.

Keywords: Ex day, Tax clienteles, Transactions costs, Price discreteness, Bid-ask prices

JEL Classification: G12; G35

Suggested Citation

Bali, Rakesh and Francis, Jack Clark, Ex Day Effects of the 1984 and 1986 Tax Reform Acts (January 16, 2014). The Empirical Economics Letters, 13(1), January 2014, 53-58., Available at SSRN: https://ssrn.com/abstract=2663118

Rakesh Bali

affiliation not provided to SSRN (deceased)

Jack Clark Francis (Contact Author)

Zicklin School of Business, Baruch College ( email )

One Bernard Baruch Way
New York, NY 10010
United States
646-312-3462 (Phone)

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