Title

A December effect with tax-gain selling?

Authors

Authors

H. H. Chen;V. Singal

Comments

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Abbreviated Journal Title

Financ. Anal. J.

Keywords

portfolio management : equity strategies; equity investments : research; sources; STOCK-MARKET BEHAVIOR; OF-THE-YEAR; RETURNS; JANUARY; TAXATION; Business, Finance

Abstract

We present evidence on the December effect. When investors do not sell winner stocks in December but postpone their sale to January so that capital gains will not be realized in the current fiscal year, the "winners" appreciate in December. The December effect is relatively easy to arbitrage. We also present evidence regarding the persistence of the January effect and note that the January effect continues because it is difficult to exploit profitably.

Journal Title

Financial Analysts Journal

Volume

225

Issue/Number

4

Publication Date

1-1-2003

Document Type

Article

DOI Link

http://dx.doi.org/10.2469/faj.v59.n4.2547

Language

English

First Page

78

Last Page

+

WOS Identifier

WOS:000187918002100

ISSN

0015-198X

Recommended Citation

"A December effect with tax-gain selling?" (2003). Faculty Bibliography 2000s. 3666.
https://stars.library.ucf.edu/facultybib2000/3666