Contributions

  • Keloharju, Matti. - Contributor
  • National Bureau of Economic Research. - Contributor

Publication

2002 - National Bureau of Economic Research, Cambridge, MA, Massachusetts

Language

English

Word Count

9,000 words, Guess

Page Count

36 pages

Identifiers

Description

"An analysis of trades in the Finnish stock market around the turn of the year shows that Finnish investors tend to realize losses more than gains towards the end of December. They also buy back the same stocks recently sold, with a repurchase rate that depends on the size of the capital loss and how close the sale is to the end of December. The resulting net buying pressure from these 'wash sale' repurchases is greater for stocks with small market capitalizations and has a calendar pattern that is similar to that of stock returns." -- abstract.

Subjects

Topics

StocksPricesTaxationRate of returnCapital lossesTaxation -- FinlandRate of return -- Finland

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