Liu, Wen-Rang; Chiang, Yao-Min; Chung, San-Lin - 2023
This study uncovers a unique dividend-tax arbitrage strategy that provides high-bracket investors the opportunity to … present empirical evidence highlighting the activities of arbitrage traders in both stock and warrant markets. These traders … simultaneously sell stocks and buy call warrants before the ex-dividend day and close their arbitrage positions thereafter. Our …