Dynamic Firm and Investor Behaviour under Progressive Personal Taxation
Schijndel, Geert-Jan C.T.van
Produktnummer:
18ba89afe18d28437b9513eb5925ed7bfa
| Autor: | Schijndel, Geert-Jan C.T.van |
|---|---|
| Themengebiete: | Finance Financing Investment corporate finance portfolio theory valuation |
| Veröffentlichungsdatum: | 11.05.1988 |
| EAN: | 9783540192305 |
| Sprache: | Englisch |
| Seitenzahl: | 215 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | Springer Berlin |
Produktinformationen "Dynamic Firm and Investor Behaviour under Progressive Personal Taxation"
This book aims to include the effects of a progressive personal tax into the deterministic dynamic theory of the firm. To this end the author investigates the impact of a progressive personal tax on the optimal dividend, financing and investment policy of a shareholder-controlled, value-maximising firm. More specifically, the principal aim is the justification of the thesis that during each stage of their evolution, firms will be controlled by investors in different tax brackets. With this aim in mind, the author develops a dynamic equilibrium and portfolio theory under certainty, which considers: - the market value of an arbitrary firm such that no excess demand for or supply of shares exists, - the portfolio selection of differently taxed investors, - the succession of differently taxed investors, who possess the shares of any value-maximizing firm, in the course of time, - the optimal resulting policy string and corresponding evolution of a firm in the course of time.
Sie möchten lieber vor Ort einkaufen?
Sie haben Fragen zu diesem oder anderen Produkten oder möchten einfach gerne analog im Laden stöbern? Wir sind gerne für Sie da und beraten Sie auch telefonisch.
Juristische Fachbuchhandlung
Georg Blendl
Parcellistraße 5 (Maxburg)
8033 München
Montag - Freitag: 8:15 -18 Uhr
Samstags geschlossen