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Valuation of Corporate Tax Assets Under Tax Asymmetry : A Market-Based Approach

Hillion, Pierre - 2021

refundability risk under tax asymmetry. Building on the existing literature, taxassets are modelled as derivatives contracts. The … between the book value and the market value of tax assets. The difference between the two values captures refundability risk …, defined as the risk that earnings will not materialize in the future. Second, the paper provides a formal derivation of the …

Persistent link: https://www.econbiz.de/10014088642

Objektivierte Unternehmensbewertung und Anteilseignersteuern

Kaserer, Christoph; Knoll, Leonhard - 2009

Der Beitrag beschreibt die Entwicklung des Steuereinflusses in der objektivierten Unternehmensbewertung, also einem … auf die Abgeltungs-steuer. Beide Systemwechsel werden in ihren Konsequenzen für die bei der Unternehmensbewertung zur …

Persistent link: https://www.econbiz.de/10003888423

Unternehmensbewertung und Abgeltungssteuer

Wiese, Jörg - In: WPg : Kompetenz schafft Vertrauen 60 (2007) 9, pp. 368-375

Persistent link: https://www.econbiz.de/10003461570

The lock-in effect and the corporate payout puzzle

Mitchell, Chris - 2019

Taxes on capital gains are deferred until realization, whereas dividend taxes are levied upon accrual. This often makes dividends tax-disadvantaged relative to share repurchases, which leads to the payout puzzle: why do firms pay dividends? This paper develops a model of corporate payout policy...

Persistent link: https://www.econbiz.de/10012132169

Taxation of risky investment : the finance approach and its relation to the economics approach

Langbraaten, Nina; Lund, Diderik - 1990

Persistent link: https://www.econbiz.de/10000840817

Changing risk, changing risk premiums, and dividend yield effects

Chen, Nai-fu

Persistent link: https://www.econbiz.de/10001274013

Tax loss carrybacks as firm fiscal stimulus : a tale of two recessions

Dobridge, Christine L. - In: The accounting review : a publication of the American … 96 (2021) 6, pp. 153-181

Persistent link: https://www.econbiz.de/10012703005

The effect of an allowance for corporate equity on capital structure : evidence from Austria

Petutschnig, Matthias; Rünger, Silke - In: Public finance review : PFR 50 (2022) 5, pp. 597-642

Persistent link: https://www.econbiz.de/10013388963

Corporate taxes, tax incidence, and pretax returns : causes and measurement

Guenther, David A.; Sansing, Richard C. - 2021

We develop a model to investigate the relations among (1) corporate tax incidence, (2) tax capitalization, and (3) implicit corporate tax in a competitive equilibrium. The economic pretax return is independent of whether the incidence of the corporate tax is shifted from shareholders to...

Persistent link: https://www.econbiz.de/10012501443

Implicit tax, tax incidence, and pretax returns

Guenther, David A.; Sansing, Richard C. - In: The accounting review : a publication of the American … 98 (2023) 2, pp. 201-214

Persistent link: https://www.econbiz.de/10014289500