Do Retail Investors Affect Corporate Disclosure Policies? Evidence from the 2013 Tax Policy Change in the Alternative Investment Market
Grant Data
Project Title
Do Retail Investors Affect Corporate Disclosure Policies? Evidence from the 2013 Tax Policy Change in the Alternative Investment Market
Principal Investigator
Dr Gu, Ti Tracy
(Principal Investigator (PI))
Duration
30
Start Date
2019-07-10
Completion Date
2023-03-09
Amount
304618
Conference Title
Do Retail Investors Affect Corporate Disclosure Policies? Evidence from the 2013 Tax Policy Change in the Alternative Investment Market
Presentation Title
Keywords
Capital Gain and Dividend Tax, Corporate Disclosures, Individual Savings Accounts, Retail Investors, Small Investor Protection
Discipline
Accounting,Finance
Panel
Business Studies (B)
HKU Project Code
17504919
Grant Type
General Research Fund (GRF)
Funding Year
2019
Status
Completed
Objectives
1 Construct a conceptual framework and conduct empirical studies on the effect of the 2013 Tax Policy Change in the Alternative Investment Market. 2 Contribute to the literature on the formation of the corporate information environment. 3 Contribute to the literature on the economic consequences of capital gain and dividend taxes on individual investors. 4 Provide insights to regulators about the characteristics and amount of disclosure when firms respond to increased investments from individual investors. 5 Provide insights to individual investors about the corporate information environment they are facing.