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The Effect Of The 1986 Tax Reform Act On Ex-Dividend Day Return Behavior

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  • Ki C. Han

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  • Ki C. Han, 1994. "The Effect Of The 1986 Tax Reform Act On Ex-Dividend Day Return Behavior," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 17(2), pages 175-186, June.
    • Handle: RePEc:bla:jfnres:v:17:y:1994:i:2:p:175-186
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1994.tb00184.x
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    References listed on IDEAS

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    1. Elton, Edwin J & Gruber, Martin J, 1970. "Marginal Stockholder Tax Rates and the Clientele Effect," The Review of Economics and Statistics, MIT Press, vol. 52(1), pages 68-74, February.
    2. Lakonishok, Josef & Vermaelen, Theo, 1986. "Tax-induced trading around ex-dividend days," Journal of Financial Economics, Elsevier, vol. 16(3), pages 287-319, July.
    3. Hamilton, James L., 1976. "Competition, Scale Economies, and Transaction Cost in the Stock Market," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 11(5), pages 779-802, December.
    4. Eades, Kenneth M. & Hess, Patrick J. & Kim, E. Han, 1984. "On interpreting security returns during the ex-dividend period," Journal of Financial Economics, Elsevier, vol. 13(1), pages 3-34, March.
    5. Michaely, Roni, 1991. "Ex-dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act," Journal of Finance, American Finance Association, vol. 46(3), pages 845-859, July.
    6. Ashok J. Robin, 1991. "The Impact of the 1986 Tax Reform Act on Ex-Dividend Day Returns," Financial Management, Financial Management Association, vol. 20(1), Spring.
    7. Grammatikos, Theoharry, 1989. "Dividend Stripping, Risk Exposure, and the Effect of the 1984 Tax Reform Act on the Ex-dividend Day Behavior," The Journal of Business, University of Chicago Press, vol. 62(2), pages 157-173, April.
    8. Klemkosky, Robert C. & Conroy, Robert M., 1985. "Competition and the cost of liquidity to investors," Journal of Economics and Business, Elsevier, vol. 37(3), pages 183-195, August.
    9. Miller, Merton H & Scholes, Myron S, 1982. "Dividends and Taxes: Some Empirical Evidence," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1118-1141, December.
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    Cited by:

    1. Casey, K. Michael & Dickens, Ross N., 2000. "The effects of tax and regulatory changes on commercial bank dividend policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(2), pages 279-293.
    2. Jeff Whitworth & Ramesh P. Rao, 2010. "Do Tax Law Changes Influence Ex‐Dividend Stock Price Behavior? Evidence from 1926 to 2005," Financial Management, Financial Management Association International, vol. 39(1), pages 419-445, March.

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