Mutual funds' capital gains lock-in and earnings management

• المؤلفون الرئيسيون: Dimmock, Stephen G., Feng, Fan, Zhang, Huai
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2024
• الموضوعات: Business::Finance; Earnings Quality; Earnings Management
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/172930

Capital gains taxation creates a lock-in effect, increasing investors' incentives to monitor and decreasing portfolio firms' incentives to cater to short-term investors. We show a negative relation between lock-in and portfolio firms' earnings management, and this relation is stronger...