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Corporate and personal income tax declarations
Goerke, Laszlo - 2006
Decisions by firms and individuals on the extent of their tax payments have generally been treated as separate choices. Empirically, a positive relationship between corporate and personal income tax evasion can be observed. The theoretical analysis in this paper shows that a manager's decision...
Persistent link: https://www.econbiz.de/10010267981
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Corporate and Personal Income Tax Declarations
Goerke, Laszlo - Institute for the Study of Labor (IZA) - 2006
Decisions by firms and individuals on the extent of their tax payments have generally been treated as separate choices. Empirically, a positive relationship between corporate and personal income tax evasion can be observed. The theoretical analysis in this paper shows that a manager's decision...
Persistent link: https://www.econbiz.de/10005566801
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Taxation, uncertainty, and the cost of equity for a multinational firm
Lund, Diderik - 2001
From a CAPM-type model the cost of equity is derived for a firm operating under various foreign tax systems. The firm’s shares are traded in a market which is unaffected by these systems. The cost of capital depends on the foreign tax system, even for fully equity financed projects. This is...
Persistent link: https://www.econbiz.de/10010284234
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An analytical model of required returns to equity under taxation with imperfect loss offset
Lund, Diderik - 2005
Lund (2002a) showed in a CAPM-type model how tax depreciation schedules affect required expected returns after taxes. Even without leverage higher tax rates implied lower betas when tax deductions were risk free. Here they are risky, and marginal investment is taxed together with inframarginal...
Persistent link: https://www.econbiz.de/10010284463
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Investor horizons and corporate policies under uncertainty
Dreyer, Christian Andreas; Schulz, Oliver - In: Review of financial economics : RFE 40 (2022) 1, pp. 5-19
Persistent link: https://www.econbiz.de/10012815915
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Mediating role of dividend policy among its determinants and organizational financial performance
Hunjra, Ahmed Imran - In: Cogent economics & finance 6 (2018) 1, pp. 1-16
The mediating mechanism of dividend policy remained untapped between financial performance, uncertainty, corporate … discovers the mediating role of dividend policy between financial performance, uncertainty, CSR and stakeholders' interest. Data … impact on financial performance. It is found partial mediation between uncertainty and financial performance whereas dividend …
Persistent link: https://www.econbiz.de/10012023315
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Business investment, cash holding and uncertainty since the great financial crisis
Smietanka, Pawel; Bloom, Nicholas; Mizen, Paul - 2018
Persistent link: https://www.econbiz.de/10011925867
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Das Standardmodell unter Unsicherheit ist ökonomisch unsinnig
Löffler, Andreas - 2003
Kapitalkosten um den Faktor 1 - gekürzt, wobei den Steuersatz darstellt. In dieser Arbeit wird das Standardmodell unter Unsicherheit … eine Arbitragegelegenheit kreiert wird und der gerade erwähnte Zusammenhang von Vor– und Nach–Steuer–Kapitalkosten nicht …
Persistent link: https://www.econbiz.de/10010317621
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Das Standardmodell unter Unsicherheit ist ökonomisch unsinnig
Löffler, Andreas - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2003
If one wants to evaluate the impact of an income tax on the value of a project or a firm the so called standard model of Johannson is usually applied. One important feature of this model is that the cost of capital are multiplied by a factor (1-s) where s is the income tax rate (assumed to be...
Persistent link: https://www.econbiz.de/10005464678
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Taxation of risky investment and paradoxical investor behavior
Gries, Thomas; Prior, Ulrich; Sureth, Caren - 2007
Under uncertainty and irreversibility, real option-based models are widely accepted for assessing investment projects. So far the existing post-tax analyses do not provide a general analytical description of investor reactions towards profit tax rate changes. This paper sets out to fill part of...
Persistent link: https://www.econbiz.de/10010298470