Capital Gains Taxation and Equity Returns: The Case of Mutual Savings Banks

Material TypeArticleLanguageEnglish
TitleCapital Gains Taxation and Equity Returns: The Case of Mutual Savings Banks Author(S)Michael A Kelly (Author)
Abstract  IPOs of demutualized savings banks create tax sensitive shareholders with identical acquisition dates and tax bases. We investigate security volume and returns surrounding the one-year anniversary of the IPOs when unrealized capital gains and losses for original shareholders become long-term capital gains for taxation purposes ...Paginationp785–805
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Business Finance & Accounting  
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