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that features the main characteristics of the Finnish dividend taxation. In the model, entrepreneurs face a borrowing … constraint and have a consumption smoothing motive. We use the model to investigate how the current dividend taxation affects the … investment incentives. The results illustrate how the current dividend taxation in certain cases distorts firms’ investment …
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According to recent law and finance research, legislation is essential to financial development. More effi-cient financial markets would be achieved by reforming the laws governing investor protection and cor-porate governance systems. The Companies Act has traditionally played a very important...
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The study investigates empirically how ownership affects firms' domestic employment and its fluctuations. We look at six different ownership categories: first generation family businesses, second generation (or older) family businesses, state-owned companies, foreign-owned companies, publicly...
Persistent link: https://www.econbiz.de/10010273017
-linear dividend taxation influences the allocation of labour and capital across different firms, average labour productivity and the … production technologies. We find that the current tax system is likely to distort resource allocation compared to linear dividend …
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