Comment on 'the Value of Tax Shields is Not Equal to the Present Value of Tax Shields'
| Year of publication: |
[2004]
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|---|---|
| Authors: | Fieten, Paul |
| Other Persons: | Velez-Pareja, Ignacio (contributor) ; Kruschwitz, Lutz (contributor) ; Laitenberger, Jörg (contributor) ; Loeffler, Andreas (contributor) ; Tham, Joseph (contributor) ; Wonder, Nicholas X. (contributor) |
| Publisher: |
[2004]: [S.l.] : SSRN |
| Description of contents: |
Fernandez (2004) claims to derive a formula for the valuation of debt tax shields for firms with cash flows that grow perpetually at a constant rate. We show that his formula is incorrect
Abstract [papers.ssrn.com]
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| Extent: | 1 Online-Ressource |
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| Type of publication: | Book / Working Paper |
| Notes: | In: Quarterly Review of Economics and Finance, Vol. 45, February 2005 Volltext nicht verfügbar |
| Classification: | G31 - Capital Budgeting; Investment Policy ; G32 - Financing Policy; Capital and Ownership Structure ; H43 - Project Evaluation; Social Discount Rate |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012785301