• Portfolio Tax Trading with Carryover Losses 

      Ehling, Paul; Gallmeyer, Michael; Srivastava, Sanjay; Tompaidis, Stathis; Yang, Chunyu (Journal article; Peer reviewed, 2018)
      We study portfolio choice with multiple stocks and capital gain taxation assuming that capital losses can only offset current or future realized capital gains. We show, through backtesting using empirical distributions, ...
    • Why does junior put all his eggs in one basket? A potential rational explanation for holding concentrated portfolios 

      Roche, Hervé; Tompaidis, Stathis; Yang, Chunyu (Journal article; Peer reviewed, 2013)
      Empirical studies of household portfolios show that young households, with little financial wealth, hold underdiversified portfolios that are concentrated in a small number of assets, a fact often attributed to behavioral ...