@techreport{Fedele2010Optimal,
abstract = {In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment projects. By letting a representative firm borrow optimally, we show that debt finance not only encourages investment activities but can also substantially mitigate the effect of tax rate uncertainty on investment timing.},
address = {Milano},
author = {Alessandro Fedele and Paolo M. Panteghini and Sergio Vergalli},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H2; 330; Capital Levy; Corporate Taxation; Default Risk; Real Options},
language = {eng},
number = {2010,68},
publisher = {Fondazione Eni Enrico Mattei},
title = {Optimal investment and financial strategies under tax rate uncertainty},
type = {Nota di lavoro // Fondazione Eni Enrico Mattei: Institutions and markets},
url = {http://hdl.handle.net/10419/43566},
year = {2010}
}
