ABSTRACT This paper presents estimates of the effective tax value of incremental interest deductions for corporations taking into account that they may not be able to utilize al...
Tax policy and investment behaviour: tax policy and the cost of capital services, estimates of the parameters of the investment function, the effects of tax policy on investment...
In this paper we examine the economic impact of a group of mergerrelated regulatory changes in the securities laws, the tax code, disclosure rules, and accounting principles whi...
This study develops a model based on current corporate finance theories which explains stock returns associated with the announcement of issuer exchange offers. The major indepe...
We estimate diversification's effect on firm value by imputing stand-alone values for individual business segments. Comparing the sum of these stand-alone values to the firm's a...
Social media, news, blog, policy document mentions