Free shipping on orders over $95Buy one with 1% offer on sale price
Zoom the image with the mouse
Dynamic Firm and Investor Behaviour under Progressive Personal Taxation
ISBN:
9783540192305
List Price:
$54.99
Share:
Special Offers Available
Free shipping on orders over $95Buy one with 1% offer on sale priceBuy New
Springer
Dynamic Firm and Investor Behaviour under Progressive Personal Taxation (9783540192305)
We can help you leverage the power of books
Customer Service
Connect with a dedicated account manager who is there every step of the way.
Price Match Guarantee
If you see better pricing elsewhere on your desired quantity, we will price match so you can be sure to get the best pricing.
Free Shipping
Enjoy free ground shipping on your order of $95 or more!
Brand New Guarantee
We only sell books that are brand new and protect that with a guarantee.
Customization
From author signatures to marketing inserts, custom packaging to brand stickers, we can help take your book marketing to the next level.
Details
This book aims to include the effects of a progressive personal tax into the deterministic dynamic theory of the firm. To this end the author investigates the impact of a progressive personal tax on the optimal dividend, financing and investment policy of a shareholder-controlled, value-maximising firm. More specifically, the principal aim is the justification of the thesis that during each stage of their evolution, firms will be controlled by investors in different tax brackets. With this aim in mind, the author develops a dynamic equilibrium and portfolio theory under certainty, which considers: - the market value of an arbitrary firm such that no excess demand for or supply of shares exists, - the portfolio selection of differently taxed investors, - the succession of differently taxed investors, who possess the shares of any value-maximizing firm, in the course of time, - the optimal resulting policy string and corresponding evolution of a firm in the course of time.
