Effect of personal taxes on managers' decisions to sell their stock

Citations

Cited by:

1. Armstrong, Christopher & Blackburne, Terrence & Quinn, Phillip, 2021. "Are CEOs’ purchases more profitable than they appear?," Journal of Accounting and Economics, Elsevier, vol. 71(2).
2. Kallunki, Jenni & Kallunki, Juha-Pekka & Nilsson, Henrik & Puhakka, Mikko, 2018. "Do an insider's wealth and income matter in the decision to engage in insider trading?," Journal of Financial Economics, Elsevier, vol. 130(1), pages 135-165.
3. Campbell, T. Colin & Gallmeyer, Michael & Johnson, Shane A. & Rutherford, Jessica & Stanley, Brooke W., 2011. "CEO optimism and forced turnover," Journal of Financial Economics, Elsevier, vol. 101(3), pages 695-712, September.
4. Chan, Jesse & Lin, Steve & Yu, Yong & Zhao, Wuyang, 2018. "Analysts’ stock ownership and stock recommendations," Journal of Accounting and Economics, Elsevier, vol. 66(2), pages 476-498.
5. Bird, Andrew, 2018. "Taxation and executive compensation: Evidence from stock options," Journal of Financial Economics, Elsevier, vol. 127(2), pages 285-302.
6. Sikes, Stephanie A., 2014. "The turn-of-the-year effect and tax-loss-selling by institutional investors," Journal of Accounting and Economics, Elsevier, vol. 57(1), pages 22-42.
7. Carr Bettis & John Bizjak & Swaminathan Kalpathy, 2015. "Why Do Insiders Hedge Their Ownership? An Empirical Examination," Financial Management, Financial Management Association International, vol. 44(3), pages 655-683, September.
8. Almaghrabi, Khadija S. & Slack, Richard & Tsalavoutas, Ioannis & Tsoligkas, Fanis, 2024. "Capitalised development costs and future cash flows: The effect of CEO overconfidence and board gender diversity," The British Accounting Review, Elsevier, vol. 56(6).
9. Bouwman, Christa H.S., 2014. "Managerial optimism and earnings smoothing," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 283-303.
10. Andrew Vivian & Bin Xu, 2018. "Time-varying managerial overconfidence and pecking order preference," Review of Quantitative Finance and Accounting, Springer, vol. 50(3), pages 799-835, April.
11. Kallunki, Juha-Pekka & Mikkonen, Jenni & Nilsson, Henrik & Setterberg, Hanna, 2016. "Tax noncompliance and insider trading," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 157-173.
12. Stefano Colonnello & Giuliano Curatola & Shuo Xia, 2022. "Trading Away Incentives," Working Papers 2022:16, Department of Economics, University of Venice "Ca' Foscari".
    • Colonnello, Stefano & Curatola, Giuliano Antonio & Xia, Shuo, 2022. "Trading away incentives," IWH Discussion Papers 23/2022, Halle Institute for Economic Research (IWH).
13. Ali Ataullah & Andrew Vivian & Bin Xu, 2018. "Optimistic Disclosure Tone and Conservative Debt Policy," Abacus, Accounting Foundation, University of Sydney, vol. 54(4), pages 445-484, December.
14. Huang, Wei & Jiang, Fuxiu & Liu, Zhibiao & Zhang, Min, 2011. "Agency cost, top executives' overconfidence, and investment-cash flow sensitivity -- Evidence from listed companies in China," Pacific-Basin Finance Journal, Elsevier, vol. 19(3), pages 261-277, June.
15. Goldman, Nathan C. & Ozel, Naim Bugra, 2023. "Executive compensation, individual-level tax rates, and insider trading profits," Journal of Accounting and Economics, Elsevier, vol. 76(1).
16. Thomas R. Kubick & G. Brandon Lockhart & David C. Mauer, 2025. "CEO tax burden and debt contracting," Review of Accounting Studies, Springer, vol. 30(1), pages 738-775, March.
17. John S. Marsh & Rachel Graefe-Anderson, 2018. "Undermining incentives: CEO reactions to compensation rebalancing," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(2), pages 365-391, June.
18. Chyz, James A., 2013. "Personally tax aggressive executives and corporate tax sheltering," Journal of Accounting and Economics, Elsevier, vol. 56(2), pages 311-328.
19. Jijun Niu, 2010. "The Effect of Overconfidence on the Sensitivity of CEO Wealth to Equity Risk," Journal of Financial Services Research, Springer;Western Finance Association, vol. 38(1), pages 23-39, August.
20. Sung, Hao-Chang & Ho, Shirley J., 2023. "Disclosure strategies for management earnings forecasts: The role of managerial compensation structures, overoptimism, and effort," Journal of Contemporary Accounting and Economics, Elsevier, vol. 19(1).
21. Hu, Shing-yang & Lin, Yueh-Hsiang & Lai, Christine W., 2016. "The effect of overvaluation on investment and accruals: The role of information," Journal of Empirical Finance, Elsevier, vol. 38(PA), pages 181-201.
22. Kallunki, Juha-Pekka & Nilsson, Henrik & Hellström, Jörgen, 2009. "Why do insiders trade? Evidence based on unique data on Swedish insiders," Journal of Accounting and Economics, Elsevier, vol. 48(1), pages 37-53, October.
23. Sun, Wenyi & Yin, Chao & Zeng, Yeqin, 2023. "Precautionary motive or private benefit motive for holding cash: Evidence from CEO ownership," International Review of Financial Analysis, Elsevier, vol. 90(C).
24. Jakob Infuehr & Volker Laux, 2022. "Managerial Optimism and Debt Covenants," Journal of Accounting Research, Wiley Blackwell, vol. 60(1), pages 353-371, March.
25. Presley, Theresa J. & Abbott, Lawrence J., 2013. "AIA submission: CEO overconfidence and the incidence of financial restatement," Advances in accounting, Elsevier, vol. 29(1), pages 74-84.
26. Tama-Sweet, Isho, 2014. "Changes in earnings announcement tone and insider sales," Advances in accounting, Elsevier, vol. 30(2), pages 276-282.