EconStor >
Fondazione Eni Enrico Mattei (FEEM), Mailand >
FEEM Working Papers, Fondazione Eni Enrico Mattei  >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/43566
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorFedele, Alessandroen_US
dc.contributor.authorPanteghini, Paolo M.en_US
dc.contributor.authorVergalli, Sergioen_US
dc.date.accessioned2010-11-24en_US
dc.date.accessioned2010-12-22T10:44:13Z-
dc.date.available2010-12-22T10:44:13Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43566-
dc.description.abstractIn 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.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Institutions and markets 2010,68en_US
dc.subject.jelH2en_US
dc.subject.ddc330en_US
dc.subject.keywordCapital Levyen_US
dc.subject.keywordCorporate Taxationen_US
dc.subject.keywordDefault Risken_US
dc.subject.keywordReal Optionsen_US
dc.titleOptimal investment and financial strategies under tax rate uncertaintyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn640487181en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

Files in This Item:
File Description SizeFormat
640487181.pdf1.31 MBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.