Journal of Finance Vol. 40 No. 1 1985
Personal Income Taxes and the January Effect: Small Firm Stock Returns Before the War Revenue Act of 1917: A Note
Abstract
This paper tests the tax explanation of the January effect by examining small firm stock returns before the War Revenue Act of 1917. No evidence of a turn‐of‐the‐year effect is found. This paper also extends previous authors' work on the subject to 1918–29. A January effect is found during that period.
- DOI
- 10.1111/j.1540-6261.1985.tb04954.x
- Volume
- 40
- Issue
- 1
- Pages
- 333-343
- Language
- en
- Sources
- crossref openalex