Bhabra, Harjeet S; Dhillon, Upinder S; Ramirez, Gabriel G - In: Financial Management 28 (1999) 4
This study documents a November tax-loss-selling effect that has become evident following the enactment of the Tax Reform Act of 1986 and the change in tax-year-end for mutual funds. The results suggest that the tax-loss-selling hypothesis best explains the well-known January effect observed in...