The Effects of Different Taxes on Risky and Risk‐free Investment and on the Cost of Capital
作者:
YU ZHU,
IRWIN FRIEND,
期刊:
The Journal of Finance
(WILEY Available online 1986)
卷期:
Volume 41,
issue 1
页码: 53-66
ISSN:0022-1082
年代: 1986
DOI:10.1111/j.1540-6261.1986.tb04491.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTThis paper analyzes the major factors which determine the effects of taxation on the value of risky assets and on the cost of capital, and shows how the magnitudes and even the signs of these effects depend on the values assumed for a few key parameters in the model. Using plausible values for these parameters, it is shown that the results obtained are frequently counter‐intuitiv
点击下载:
PDF
(742KB)
返 回