Sureth, Caren; Langeleh, Dirk - In: Schmalenbach Business Review (sbr) 59 (2007) 4, pp. 310-339
We investigate the influence of different systems of current income and capital gains taxation on investors’ decisions to either invest in corporate shares or to invest funds on the capital market. We analyze three basic tax systems. We show that even under certainty, we cannot derive general...