1 option
Tax-Loss Trading and Wash Sales / Mark Grinblatt, Matti Keloharju.
- Format:
- Book
- Author/Creator:
- Grinblatt, Mark.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8745.
- NBER working paper series no. w8745
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2002.
- Summary:
- An analysis of trades in the Finnish stock market around the turn of the year shows that Finnish investors tend to realize losses more than gains towards the end of December. They also buy back the same stocks they recently sold, with a repurchase rate that depends on the size of the capital loss and how close the sale is to the end of December. The resulting net buying pressure from these 'wash sale' repurchases is greater for stocks with small market capitalizations and has a calendar pattern that is similar to that of stock returns.
- Notes:
- Print version record
- January 2002.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.