Under uncertainty and irreversibly, real option-based models are widely accepted for assessing investment projects. So far the existing post-tax analyzes do not provide a general analytical description of investor reactions towards profit tax rate changes. This paper sets out to fill part of the...

This article deals with the integration of taxes into real option-based investment models under risk neutrality and risk aversion. It compares two possible approaches -- dynamic programming and contingent claims analysis -- to analyze their effects on the optimal investment rules before and...

<title>Abstract</title> In particular in Germany and Austria, but also in other countries, extensive theoretical and analytical research has been published on the potential tax effects should International Financial Reporting Standards (IFRS) be used as the basis for corporate taxation. Very few quantitative...

This paper explores the issue of the true and fair view (TFV) and the overriding principle within the European Union (EU), via a legally based analysis of the relationship between EU and national laws. We apply the supremacy of European law to methods of incorporating the TFV into national...