Narrow search
Showing 1 - 10 of 110
Cover Image
The effect of taxes on shareholder inflows around mutual fund distribution dates
Johnson, Woodrow T.; Poterba, James M. - In: Research in economics : an international review of economics 70 (2016) 1, pp. 7-19
Persistent link: https://www.econbiz.de/10011631071
Cover Image
New Evidence that Taxes Affect the Valuation of Dividends
Poterba, James M. - 1984
This paper uses British data to examine the effects of dividend taxes on investors' relative valuation of dividends and … radical changes and several minor reforms in British dividend tax policy during the last twenty-five years. Studying the … data on a much broader sample, we find clear evidence that taxes change equilibrium relationships between dividend yields …
Persistent link: https://www.econbiz.de/10012477807
Cover Image
Interpreting Ex-Dividend Evidence : The Citizens Utilities Case Reconsidered
Poterba, James M. - 1983
Numerous empirical studies have attempted to measure the effect of changes in dividend policy on corporate equity … values. One of the most popular study methodologies has been an examination of share price changes around ex-dividend days …. Comparing the movement in a stock's price with its nominal dividend payment leads to estimates of the stock market's relative …
Persistent link: https://www.econbiz.de/10012477971
Cover Image
The changing pattern of stock ownership in the US : 1989-2013
Poterba, James M. - In: Eastern economic journal 44 (2018) 1, pp. 1-17
Persistent link: https://www.econbiz.de/10012244761
Cover Image
Investor Diversification and International Equity Markets
French, Kenneth R. - 1991
The benefits of international diversification have been recognized for decades. In spite of this, most investors hold nearly all of their wealth in domestic assets. In this paper, we construct new estimates of the international equity portfolio holdings of investors in the U.S., Japan, and...
Persistent link: https://www.econbiz.de/10012475411
Cover Image
Chapter 17. Taxation, Risk-Taking, and Household Portfolio Behavior
Poterba, James M. - In: Handbook of public economics : volume 3, (pp. 1109-1171). 2002
This chapter summarizes the current state of research on how taxation affects household decisions with respect to portfolio structure and asset trading. It discusses long-standing issues, such as the impact of differential taxation of income flows from stocks and bonds on the incentives for...
Persistent link: https://www.econbiz.de/10014024847
Cover Image
Investor Diversification and International Equity Markets
French, Kenneth R.; Poterba, James M. - 2021
The benefits of international diversification have been recognized for decades. In spite of this, most investors hold nearly all of their wealth in domestic assets. In this paper, we construct new estimates of the international equity portfolio holdings of investors in the U.S., Japan, and...
Persistent link: https://www.econbiz.de/10013228251
Cover Image
Speculative dynamics and the role of feedback traders
Cutler, David M.; Poterba, James M.; Summers, Lawrence Henry - 1990
Persistent link: https://www.econbiz.de/10000784201
Cover Image
Speculative Dynamics and the Role of Feedback Traders
Cutler, David M. - 2008
This paper summarizes our earlier research documenting the characteristic speculative dynamics of many asset markets and suggests a framework for understanding them. Our model incorporates quot;feedback traders,quot; traders whose demand is based on the history of past returns rather than the...
Persistent link: https://www.econbiz.de/10012774661
Cover Image
Speculative Dynamics and the Role of Feedback Traders
Cutler, David M. - 1990
This paper summarizes our earlier research documenting the characteristic speculative dynamics of many asset markets and suggests a framework for understanding them. Our model incorporates "feedback traders," traders whose demand is based on the history of past returns rather than the...
Persistent link: https://www.econbiz.de/10012475794