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https://hdl.handle.net/10419/43566
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Fedele, Alessandro | en |
dc.contributor.author | Panteghini, Paolo M. | en |
dc.contributor.author | Vergalli, Sergio | en |
dc.date.accessioned | 2010-11-24 | - |
dc.date.accessioned | 2010-12-22T10:44:13Z | - |
dc.date.available | 2010-12-22T10:44:13Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/43566 | - |
dc.description.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. | en |
dc.language.iso | eng | en |
dc.publisher | |aFondazione Eni Enrico Mattei (FEEM) |cMilano | en |
dc.relation.ispartofseries | |aNota di Lavoro |x2010,68 | en |
dc.subject.jel | H2 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Capital Levy | en |
dc.subject.keyword | Corporate Taxation | en |
dc.subject.keyword | Default Risk | en |
dc.subject.keyword | Real Options | en |
dc.title | Optimal investment and financial strategies under tax rate uncertainty | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 640487181 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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