Kruschwitz, Lutz; Löffler, Andreas - In: BuR - Business Research 2 (2009) 2, pp. 171-178
The traditional literature on the CAPM assumes that investor's tax payments simply vanish from the model. This … interest rate rf = 0 will not affect prices if taxes are introduced. We show that this result can be extended to the CAPM if ….V.
Volume 2 | Issue 2 | December 2009 | 171--178
Do Taxes Matter in the CAPM?
LutzKruschwitz, Department of Banking and Finance …