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Since de Soto’s work, the entrepreneur’s choice to enter or not the formal sector is usually compared to a tax evasion behaviour. This characterisation seems to be weakened by many recent surveys where it appears that fiscal rules are generally unknown by managers. This article tries to...
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Madagascar confirms the positive incidence of presumptive taxation on production incitements. Nevertheless, because of technical …
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Although most shareholders hold diversified portfolios, the corporate finance literature postulates that shareholders … firm-level risk and return than about the value of their shareholders'diversified portfolio. These two objectives may … large, diversified investor and a large number of small shareholders. Stock prices, asset allocation and product …
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have financial and strategic consequences for shareholders. For that reason, it is of interest to analyse the relative …
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Based on a sample of 15 European countries, this survey analyses various features of the European IPO (Initial Public Offering) market over the period from 1995 to 2004: listing requirements, IPO-mechanism choices, performance and secondary market liquidity. First, the comparison of national...
Persistent link: https://www.econbiz.de/10010861496
price levels and employee ownership. This suggests that employee shareholders might prefer lower-priced stocks as they tend …
Persistent link: https://www.econbiz.de/10010861558