Taxes and Foreign Investors ’ Trading Behavior around Exdividend Exdividend Exdividend Days

@inproceedings{Tseng2008TaxesAF,
  title={Taxes and Foreign Investors ’ Trading Behavior around Exdividend Exdividend Exdividend Days},
  author={Yun-lan Tseng and Shing-yang Hu},
  year={2008}
}
  • Yun-lan Tseng, Shing-yang Hu
  • Published 2008
Employing Taiwan data, this paper tests the tax hypothesis versus the short-term trading hypothesis by making a comparison in trading behavior between tax disadvantaged foreign investors and tax-neutral domestic institutions around ex-dividend days. We observe that not only do foreign investors abnormally buy more before the ex-date and sell more on the ex… CONTINUE READING