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<ul style="list-style-type:square">
<li>The <a href="https://events.polyu.edu.hk/icfe/home" target='_blank'>First INFORMS Conference on Financial Engineering and FinTech</a> is calling for papers.</li>
<li>Digital Finance is calling for special issue papers on <a href="https://www.springer.com/journal/42521/updates/25894590" target='_blank'>Quantitative Methods in Financial Technology</a>.</li>
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@@ -160,7 +159,9 @@ target="_blank">arXiv</a>|<a href="https://pubsonline.informs.org/doi/abs/10.128
</li><br>
<li>Optimal Tax-timing with Asymmetric Long-term/short-term Capital Gains Tax (with <a href="https://sites.google.com/view/mindai/home" target="_blank">Min Dai</a>, <a href="http://apps.olin.wustl.edu/faculty/liuh/" target="blank">Hong Liu</a> and <a href="https://www.linkedin.com/in/yifei-zhong-12858524/" target="_blank">Yifei Zhong</a>).<br>
<i><b>The Review of Financial Studies</b></i>, 28.9:2687-2721, 2015. [<a href="" onclick="toggleAbstract('abs_taxTiming');return false">Abstract</a>|<a href=https://academic.oup.com/rfs/article/28/9/2687/1581078, target="_blank">Article</a>]<br>
<i><b>The Review of Financial Studies</b></i>, 28.9:2687-2721, 2015. [<a href=""
onclick="toggleAbstract('abs_taxTiming');return false">Abstract</a>|<a
href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1786012" target="_blank">SSRN</a>|<a href=https://academic.oup.com/rfs/article/28/9/2687/1581078, target="_blank">Article</a>]<br>
<div style="display:none" id="abs_taxTiming">
<hr>
<i>We develop an optimal tax-timing model that takes into account asymmetric long-term and short-term tax rates for positive capital gains and limited tax deductibility of capital losses. In contrast to the existing literature, this model can help explain why many investors not only defer short-term capital losses to long term but also defer large long-term capital gains and losses. Because the benefit of tax deductibility of capital losses increases with the short-term tax rates, effective tax rates can decrease as short-term capital gains tax rates increase.</i>