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Persistent link: https://www.econbiz.de/10003612722
analyses with regard to debt financing, external equity financing and debt constraints via agency cost. -- Capital income …
Persistent link: https://www.econbiz.de/10003771793
This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework translates tax policy legislation into real outcomes, and identifies three parameters that play a central role in determining the impact on policy. The remainder of the paper...
Persistent link: https://www.econbiz.de/10011409809
firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …
Persistent link: https://www.econbiz.de/10009153871
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incentive effects of such reforms on the SMEs’ investment decisions adopting simple present value model. Ceteris paribus tax … rate and depreciation rule vary in the model simulation, while the application of historical cost accounting method in …
Persistent link: https://www.econbiz.de/10003109877
frictions, relative prices, and adjustment costs in accounting for the MPK differential and document that adjustment costs …
Persistent link: https://www.econbiz.de/10003751180
This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...
Persistent link: https://www.econbiz.de/10012057304