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
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: 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
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