The effect of tax clientele for fund investment on fund manager’s behavior in fund market: The case of Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 조형태 | - |
dc.date.available | 2020-07-10T06:03:08Z | - |
dc.date.created | 2020-07-08 | - |
dc.date.issued | 2016-05-23 | - |
dc.identifier.issn | 0973-4562 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/7814 | - |
dc.description.abstract | This study investigates whether any difference can be found in fund management style, depending on the type of fund being managed for tax purposes and even if the fund invests in the same underlying assets. To do so, this study reviews the ratios of increases in the tax basis to increases in the basis (the tax basis ratio) in a quarter. This study also reviews the ratio of equity value to the NAV of a fund for research purposes. The tax basis ratio of a pension fund is higher than that of a general fund. A pension fund manager tends to employ a fund management strategy that does not focus on the reduction of tax burdens on fund investors compared with a general fund manager. This phenomenon may be attributed to the fact that a pension fund manager is less sensitive to the increased tax burden on a fund investor, because pension income is taxed at a lower rate than dividend. Moreover, this finding is due to the fact that pension fund investors already enjoy multiple tax benefits, such as tax credit during contribution. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | Research India Publications subscription@ripublication.com | - |
dc.title | The effect of tax clientele for fund investment on fund manager’s behavior in fund market: The case of Korea | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | 조형태 | - |
dc.identifier.bibliographicCitation | International Journal of Applied Engineering Research, v.11, no.9, pp.6817 - 6823 | - |
dc.relation.isPartOf | International Journal of Applied Engineering Research | - |
dc.citation.title | International Journal of Applied Engineering Research | - |
dc.citation.volume | 11 | - |
dc.citation.number | 9 | - |
dc.citation.startPage | 6817 | - |
dc.citation.endPage | 6823 | - |
dc.type.rims | ART | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scopus | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
94, Wausan-ro, Mapo-gu, Seoul, 04066, Korea02-320-1314
COPYRIGHT 2020 HONGIK UNIVERSITY. ALL RIGHTS RESERVED.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.