Mutual funds' capital gains lock-in and earnings management
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...
Saved in:
| Main Authors: | , , |
|---|---|
| 其他作者: | |
| 格式: | Article |
| 語言: | English |
| 出版: |
2024
|
| 主題: | |
| 在線閱讀: | https://hdl.handle.net/10356/172930 |
| 標簽: |
添加標簽
沒有標簽, 成為第一個標記此記錄!
|