On the Role of Intangible Information and Capital Gains Taxes in Long-Term Return Reversals

Material TypeArticleLanguageEnglish
TitleOn the Role of Intangible Information and Capital Gains Taxes in Long-Term Return Reversals Author(S)Ajay Bhootra (Author)
Abstract  Prior studies have linked long-term reversals to the magnitude of locked-in capital gains suggesting that reversals are driven by tax effects and not overreaction. I find that locked-in capital gains do not explain the reversals in winners when winner returns are based on intangible information. ...Paginationp 537-574
SubjectManagementDescriptorsFinance
Journal TitleFinancial management  
Permanent Linksclick here