HUI Working Papers, HUI Research
Tax-Induced Trading and the Identity of the Marginal Investor: Evidence from Sweden
Abstract: Changes in the Swedish tax code during the 1990s were
structured in a way that offers an opportunity to test whether ex-dividend
prices were determined by the taxation of domestic individual investors.
The results presented in this paper indicate that ex-dividend prices were
not influenced by the relatively large tax changes for domestic individual
investors. In addition, there was no evidence that the taxation of domestic
individual investors influenced ex-dividend prices for any specific
dividend yield group.
Keywords: Taxation; trading; ex-dividend prices; (follow links to similar papers)
JEL-Codes: G11; G18; (follow links to similar papers)
27 pages, December 5, 2005
- This paper is published as:
Daunfeldt, Sven-Olov, (2009), 'Tax-Induced Trading and the Identity of the Marginal Investor: Evidence from Sweden', Applied Economics Letters, Vol. 16, pages 679-681
Questions (including download problems) about the papers in this series should be directed to Helena Nilsson ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom