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Do Personal Taxes Affect Investment Decisions and Stock Returns?

Kontoghiorghes, Alexander P. - 2022

This paper studies the causal effects of personal investment taxes on stock demand, stock returns, and the financial decisions of companies. I exploit a change in legislation in 2013 which allowed stocks listed on the Alternative Investment Market, a sub-market of the London Stock Exchange, to...

Persistent link: https://www.econbiz.de/10013404343

Self-Selection and Stock Returns Around Corporate Security Offering Announcements

Dutordoir, Marie - 2012

Stock returns around security offering announcements are conditional on firms' self-selection into a particular security type. We use a switching regression methodology on a data set of U.S. straight debt, convertible debt, and seasoned equity offerings to estimate counterfactual announcement...

Persistent link: https://www.econbiz.de/10013115211

Environmental damage news and stock returns : evidence from Latin America

Cavallo, Eduardo A.; Cepeda, Ana; Panizza, Ugo - 2024

This paper studies the interplay between environmental performance and financial valuation of firms in Latin America and the Caribbean. We provide insights into how environmental considerations are integrated into financial decision-making and investor behavior by analyzing the stock market...

Persistent link: https://www.econbiz.de/10014534744

Impact of CSR on the Stock Returns of Indian Companies

Jagadeesh, M - 2021

Purpose- This study investigates the impact of Corporate Social Responsibility (CSR) on stock prices of Indian listed companies. The literature reviews show a strong contradictory of the relationship between CSR and stock prices which is still debatable. This study will tell whether there is a...

Persistent link: https://www.econbiz.de/10014361794

Environmental damage news and stock returns : evidence from Latin America

Cavallo, Eduardo A.; Cepeda, Ana; Panizza, Ugo - 2024

Persistent link: https://www.econbiz.de/10014529773

Long run returns predictability and volatility with moving averages

Chang, Chia-Lin; Ilomäki, Jukka; Laurila, Hannu; … - In: Risks : open access journal 6 (2018) 4, pp. 1-18

This paper examines how the size of the rolling window, and the frequency used in moving average (MA) trading strategies, affects financial performance when risk is measured. We use the MA rule for market timing, that is, for when to buy stocks and when to shift to the risk-free rate. The...

Persistent link: https://www.econbiz.de/10011906234

Dividend Yields and Stock Returns under a Tax-Free Environment

Tee, Kienpin - 2017

This study examines the relationship between dividend yield and stock returns for firms in the United Arab Emirates, where there are no taxes on dividend incomes and capital gains. Following methods of Black and Scholes (1974) and Litzenberger and Ramaswamy (1979), we find that yield...

Persistent link: https://www.econbiz.de/10012946485

Preference for dividends and stock returns around the world

Hameed, Allaudeen; Xie, Jing; Zhong, Yuxiang - 2022

We find strong international evidence favoring dividend payout as a salient stock characteristic affecting expected stock returns. We find that dividend-paying stocks outperform non-payers by 0.54% per month in 44 countries, adjusting for exposures to global and regional risk factors. The...

Persistent link: https://www.econbiz.de/10014236352

Idiosyncratic Volatility, Return Reversals and Momentum : Australian Evidence

Grant, Andrew R. - 2010

This paper examines the interaction between short-run return reversals, momentum and idiosyncratic volatility in the … Australian market. We confirm that stocks with high idiosyncratic volatility earn low average returns over the next month. Unlike … examine whether the momentum effect is persistent in stocks with high idiosyncratic volatility. We find that stocks with high …

Persistent link: https://www.econbiz.de/10013138969

Volatility and the Cross-Section of Real Estate Equity Returns during COVID-19

Milcheva, Stanimira - 2020

This paper uses the global systemic shock associated with the outbreak of the novel coronavirus COVID-19 to assess the risk-return relationship in the cross-section of real estate equities internationally. I construct a global COVID-19 risk factor to capture the risk exposure of individual...

Persistent link: https://www.econbiz.de/10012834293