| dc.creator (作者) | Liang, Jia-Wen ;Matsunaga, Steven R.;Morse, Dale | en_US |
| dc.creator (作者) | 梁嘉紋 | - |
| dc.date (日期) | 2002-12 | en_US |
| dc.date.accessioned | 13-Jan-2009 15:28:13 (UTC+8) | - |
| dc.date.available | 13-Jan-2009 15:28:13 (UTC+8) | - |
| dc.date.issued (上傳時間) | 13-Jan-2009 15:28:13 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/24473 | - |
| dc.description.abstract (摘要) | We use the market reaction to capital gains tax rate reduction in the 1997 Tax Relief Act to investigate the market reaction to a change in investor-level tax rates. We find that the positive market reaction was lower for dividend-paying securities and securities with longer expected holding periods. Our results also support the hypothesis that a longer expected holding period reduces the impact of the dividend-paying status. These results are consistent with the tax capitalization model and suggest that the expected holding period is a significant variable in explaining the market reaction to a change in capital gains tax rates. | - |
| dc.format | application/ | en_US |
| dc.language | en | en_US |
| dc.language | en-US | en_US |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | The Journal of the American Taxation Association,24(1),49-64 | en_US |
| dc.title (題名) | The Effect of the Expected Holding Period on the Market Reaction to a Decline in the Capital Gains Tax Rate | en_US |
| dc.type (資料類型) | article | en |
