两鸟,一块石头:联合时机的回报和资本利得税

Yaoting Lei, Ya Li, Jing Xu
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引用次数: 8

摘要

在资产收益可预测性中,已实现收益和未来预期收益趋向于相反的方向。这在税收激励和市场时机激励之间产生了紧张关系。在这项研究中,……
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Two Birds, One Stone: Joint Timing of Returns and Capital Gains Taxes
In asset return predictability, realized returns and future expected returns tend to move in opposite directions. This generates a tension between tax- and market-timing incentives. In this study, ...
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