Zobrazeno 1 - 10
of 680
pro vyhledávání: '"Marginal cost of capital schedule"'
Autor:
Zhiqiang Zhang
Publikováno v:
Fundamental Problems and Solutions in Finance ISBN: 9789811982682
Finance – Fundamental Problems and Solutions ISBN: 9783642305115
Finance – Fundamental Problems and Solutions ISBN: 9783642305115
This chapter tries to solve the problem of optimal capital structure. After redefining the concepts of tax shield and bankruptcy cost, based on the MM models and Black-Scholes model, this chapter derives the ZZ tax shield model and the ZZ bankruptcy
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5c9450a78a56b5916c5fd6e26f54db46
https://doi.org/10.1007/978-981-19-8269-9_10
https://doi.org/10.1007/978-981-19-8269-9_10
Autor:
Ludwig Straub, Iván Werning
Publikováno v:
American Economic Review. 110:86-119
According to the Chamley-Judd result, capital should not be taxed in the long run. In this paper, we overturn this conclusion, showing that it does not follow from the very models used to derive it. For the main model in Judd (1985), we prove that th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::649e328c6766b69579401ea45e44aa08
https://doi.org/10.1257/aer.20150210
https://doi.org/10.1257/aer.20150210
Publikováno v:
The Scandinavian Journal of Economics. 121:1500-1532
In this paper, we analyze how international capital mobility affects the optimal labor and capital income tax policy in a small open economy when consumers care about relative consumption. The main ...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0d37f34d3835da971b5304e23df28ee7
https://doi.org/10.1111/sjoe.12308
https://doi.org/10.1111/sjoe.12308
Publikováno v:
Journal of Economic Behavior & Organization. 157:297-319
Motivated by existing and new stylized facts, we join the new trade theory with a model of choice between bank and bond financing to show the differential effects of financial policy on the distribution of firm size, gains from trade, and the real ex
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::59c3be1a7fce77ae3d1b80903233e8c5
https://doi.org/10.1016/j.jebo.2017.12.008
https://doi.org/10.1016/j.jebo.2017.12.008
Autor:
Wenming Wang, Hikaru Ogawa
Publikováno v:
International Review of Economics & Finance. 54:225-231
This study examines the choice of governments' policy objectives in tax competition with an endogenous capital supply. Our results confirm the following scenarios. (i) The welfare-maximizing region completely deviates from its primary goal and maximi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6292c18e84835601404bffd740448dc4
https://doi.org/10.1016/j.iref.2017.08.010
https://doi.org/10.1016/j.iref.2017.08.010
Publikováno v:
Annual Review of Financial Economics. 9:259-282
To create value, a firm must invest in projects that provide a return greater than the cost of capital. The cost of capital is not observed and its estimation requires assumptions on investors’ consumption, savings, and portfolio decisions. We revi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9a0a0c9f039ba56c0b8f9e5d8c014c11
https://doi.org/10.1146/annurev-financial-110716-032429
https://doi.org/10.1146/annurev-financial-110716-032429
Autor:
Gerard T. Olson, Michael S. Pagano
Publikováno v:
Journal of Applied Corporate Finance. 29:101-110
The authors develop a new way to measure the cost of capital, called the empirical average cost of capital (or “EACC”), which is consistent with existing methods of calculating the weighted average cost of capital, but uses information from the f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9712e986069078e2ae50cc02e8cb770b
https://doi.org/10.1111/jacf.12254
https://doi.org/10.1111/jacf.12254
Autor:
Ji Seon Yoo, Sun-A Han
Publikováno v:
Korean Accounting Journal. 26:113-160
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::be1fbaf389491203ca3344014961f75c
https://doi.org/10.24056/kaj.2017.08.001
https://doi.org/10.24056/kaj.2017.08.001
Autor:
Norman Gemmell, John Creedy
Publikováno v:
Economics Letters. 156:82-87
Interest rates are a key component of both user cost and effective tax rate measures of company taxation, and each is regularly used in empirical tests of tax impacts on investment. However, it is shown that when interest rates are low the two measur
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::89d4022d2b1ec943ff70b25d6041765b
https://doi.org/10.1016/j.econlet.2017.04.012
https://doi.org/10.1016/j.econlet.2017.04.012
Autor:
S.A. Bondarenko, S.S. Evdokimova
Publikováno v:
Финансы и кредит. 23:792-803
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::52a89db1a97a1d26a41911e2934e1fdf
https://doi.org/10.24891/fc.23.14.792
https://doi.org/10.24891/fc.23.14.792