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This research investigates the timing of the stock market's reaction to rifle-shot transition rules (RSTRs) established in the Tax Reform Act of 1986.

June 15, 2026Journal of the American Taxation Association

The Timing of the Stock Market Reaction to Rifle-Short Transition Rules.

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DHDavid S. HulseUniversity of Kentucky

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Implication

Randomized trial examines market reactions to tax provisions, suggesting insider advantage due to secrecy.

Key Points

This research investigates the timing of the stock market's reaction to rifle-shot transition rules (RSTRs) established in the Tax Reform Act of 1986.
Conducted an event study to analyze stock market reactions to RSTRs.
Investigated market behavior before the release of information identifying beneficiaries.
Market reacted to the RSTRs prior to the information release.
Indicates that some investors capitalized on the ambiguity and secrecy surrounding the RSTRs.

Cite This Study

David S. Hulse (1996) studied this question.

synapsesocial.com/papers/6a2f9782a1cfeec4908288db https://doi.org/10.2308/jata-6145689

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The Timing of the Stock Market Reaction to Rifle-Short Transition Rules.

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The Timing of the Stock Market Reaction to Rifle-Short Transition Rules.

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Implication

Key Points

Cite This Study

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