Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/103661 
Year of Publication: 
2008
Citation: 
[Journal:] BuR - Business Research [ISSN:] 1866-8658 [Volume:] 1 [Issue:] 1 [Publisher:] VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research [Place:] Göttingen [Year:] 2008 [Pages:] 9-24
Publisher: 
VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research, Göttingen
Abstract: 
In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates.
Subjects: 
dividend distribution decisions
financing policy
investment decisions
payout policy
tax planning
Persistent Identifier of the first edition: 
Document Type: 
Article

Files in This Item:
File
Size
250.04 kB





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