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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

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JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Is Tax-Loss Selling Hypothesis Valid in Bangladesh?

Author(s): A. F. M. Mainul Ahsan, Ahasan H. Sarkar

Citation: A. F. M. Mainul Ahsan, Ahasan H. Sarkar, (2013) "Is Tax-Loss Selling Hypothesis Valid in Bangladesh?," Journal of Applied Business and Economics, Vol. 14, Iss. 5, pp. 41-51

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper tests the tax-loss selling hypothesis in Dhaka Stock Exchange (DSE) in Bangladesh. This study

uses monthly data from DSE All Share Price Index (DSI) for the period of 1987 to 2012. Under the

hypothesis rational investors offsets taxable income against the capital losses to realize the losses at the

end of the tax year which eventually causes significant positive returns in January or July as the tax

selling pressure ends after the fiscal year. Empirical results do not support the tax-loss selling hypothesis

as an explanation for the high June return at the end of the tax year in Bangladesh.