The capital gains lock-in effect on earnings quality
The taxation of realized capital gains creates a lock-in effect. I examine how the capital gains lock-in of mutual funds affects their portfolio firms’ earnings quality. I hypothesize and find that unrealized capital gains of mutual funds are positively associated with the earnings quality of the...
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| Format: | Thesis |
| Language: | English |
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2019
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| Online Access: | https://hdl.handle.net/10356/82301 http://hdl.handle.net/10220/48116 |