In this paper we show the possibility of existence of preferred stocks in a tax induced equilibrium. We show that the Miller equilibrium framework can accommodate more than two securities if different investor classes are taxed differently and the tax schedule is not flat. The introduction of...

This article has two main objectives. First, to analyse to what extent organizational differences affect the basic relationship between style of leadership and power and information. Second, to investigate whether the results (concerning leadership styles) previously obtained for middle and...