Stock Return Seasonalities and the "Tax-Loss Selling" Hypothesis

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Excerpt from Stock Return Seasonalities and the "Tax-Loss Selling" Hypothesis: Analysis of the Arguments and Australian EvidenceIn this study, we extend the discussion of the tax loss selling hypothesis and also examine the month-to-month small firm return premium for a sample of Australian stocks for the period 1958 to 1981. Although the basic idea behind the tax-loss selling hypothesis seems straightforward, a number of factors mitigate any impact that tax related selling may have on stock prices. We argue that, at best, the tax loss hypothesis leads to ambiguous predictions.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.