Capital Gains Taxes and Acquisition Activity: Evidence of the Lock-in Effect*

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  • *

    Accepted by Kenneth Klassen. The authors gratefully acknowledge the support of the Terry College of Business and the Sanford-Terry research grant program, the McIntire School of Commerce, and the Red McCombs School of Business. The authors also appreciate the constructive comments of Brad Barber, Lisa Bryant, John Chalmers, Larry Dann, Todd Dezoort, Charles Hadlock, Ray King, Ken Klassen, Steve Limberg, Steve Matsunaga, Wayne Mikkelson, Jeff Miller, Dale Morse, Jim Seida, Mike Stein, Connie Weaver, Robert Yetman, Michelle Yetman, and the participants of the finance and accounting workshops at the University of Alabama, University of California at Davis, University of Kentucky, University of Notre Dame, University of Oregon, University of Texas at Austin, and University of Waterloo.

No abstract is available for this article.

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