Matches in SemOpenAlex for { <https://semopenalex.org/work/W92054762> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W92054762 abstract "We provide a new measure of tax-sensitive institutional ownership. Using discriminant analysis and the characteristics of a sample of institutional investors that are unambiguously tax-sensitive or unambiguously tax-insensitive, we classify all institutions that file Form 13F with the SEC over the period 1987-2009 as either tax-sensitive or tax-insensitive. We classify 49.5 percent of the total number of 13F institutional investors as tax-sensitive. Because tax-sensitive institutions tend to manage much smaller portfolios, they only account for 12.7 percent of the total equity managed by all 13F institutions. We confirm the validity of our measure with price pressure and portfolio-level analyses around the 1997 announcement of the cut in the maximum, statutory individual-level capital gains tax rate and with portfolio-level analysis around the 2003 cut in the maximum, statutory, individual-level dividend tax rate. Researchers could use our measure to study the relation between shareholder-level taxes and asset prices and factors that influence the investment decisions of tax-sensitive investors." @default.
- W92054762 created "2016-06-24" @default.
- W92054762 creator A5026041945 @default.
- W92054762 creator A5074786535 @default.
- W92054762 creator A5077000272 @default.
- W92054762 date "2011-08-01" @default.
- W92054762 modified "2023-09-24" @default.
- W92054762 title "Tax-Sensitive Institutional Investors" @default.
- W92054762 hasPublicationYear "2011" @default.
- W92054762 type Work @default.
- W92054762 sameAs 92054762 @default.
- W92054762 citedByCount "3" @default.
- W92054762 countsByYear W920547622012 @default.
- W92054762 countsByYear W920547622013 @default.
- W92054762 countsByYear W920547622014 @default.
- W92054762 crossrefType "posted-content" @default.
- W92054762 hasAuthorship W92054762A5026041945 @default.
- W92054762 hasAuthorship W92054762A5074786535 @default.
- W92054762 hasAuthorship W92054762A5077000272 @default.
- W92054762 hasConcept C100001284 @default.
- W92054762 hasConcept C10138342 @default.
- W92054762 hasConcept C116168712 @default.
- W92054762 hasConcept C139447083 @default.
- W92054762 hasConcept C144133560 @default.
- W92054762 hasConcept C162324750 @default.
- W92054762 hasConcept C172008318 @default.
- W92054762 hasConcept C206757995 @default.
- W92054762 hasConcept C2778631509 @default.
- W92054762 hasConcept C2780821815 @default.
- W92054762 hasConcept C39389867 @default.
- W92054762 hasConcept C51303962 @default.
- W92054762 hasConcept C551662922 @default.
- W92054762 hasConcept C55214782 @default.
- W92054762 hasConcept C556758197 @default.
- W92054762 hasConcept C74939039 @default.
- W92054762 hasConceptScore W92054762C100001284 @default.
- W92054762 hasConceptScore W92054762C10138342 @default.
- W92054762 hasConceptScore W92054762C116168712 @default.
- W92054762 hasConceptScore W92054762C139447083 @default.
- W92054762 hasConceptScore W92054762C144133560 @default.
- W92054762 hasConceptScore W92054762C162324750 @default.
- W92054762 hasConceptScore W92054762C172008318 @default.
- W92054762 hasConceptScore W92054762C206757995 @default.
- W92054762 hasConceptScore W92054762C2778631509 @default.
- W92054762 hasConceptScore W92054762C2780821815 @default.
- W92054762 hasConceptScore W92054762C39389867 @default.
- W92054762 hasConceptScore W92054762C51303962 @default.
- W92054762 hasConceptScore W92054762C551662922 @default.
- W92054762 hasConceptScore W92054762C55214782 @default.
- W92054762 hasConceptScore W92054762C556758197 @default.
- W92054762 hasConceptScore W92054762C74939039 @default.
- W92054762 hasLocation W920547621 @default.
- W92054762 hasOpenAccess W92054762 @default.
- W92054762 hasPrimaryLocation W920547621 @default.
- W92054762 hasRelatedWork W1872162342 @default.
- W92054762 hasRelatedWork W1977038514 @default.
- W92054762 hasRelatedWork W2010806424 @default.
- W92054762 hasRelatedWork W2086571001 @default.
- W92054762 hasRelatedWork W2165121503 @default.
- W92054762 hasRelatedWork W2167132194 @default.
- W92054762 hasRelatedWork W2255187072 @default.
- W92054762 hasRelatedWork W2280712626 @default.
- W92054762 hasRelatedWork W2768763380 @default.
- W92054762 hasRelatedWork W2778621161 @default.
- W92054762 hasRelatedWork W2785206796 @default.
- W92054762 hasRelatedWork W2898309145 @default.
- W92054762 hasRelatedWork W3121402739 @default.
- W92054762 hasRelatedWork W3121944071 @default.
- W92054762 hasRelatedWork W3122572550 @default.
- W92054762 hasRelatedWork W3122686458 @default.
- W92054762 hasRelatedWork W3122731494 @default.
- W92054762 hasRelatedWork W3123800075 @default.
- W92054762 hasRelatedWork W574674610 @default.
- W92054762 hasRelatedWork W624921047 @default.
- W92054762 isParatext "false" @default.
- W92054762 isRetracted "false" @default.
- W92054762 magId "92054762" @default.
- W92054762 workType "article" @default.