Data/hora: 01/06/2024 06:46:59

Provedor de dados: 	31	
País: 	United States	
Título: 	Optimal Investment and Financial Strategies under Tax Rate Uncertainty	
Autores: 	Fedele,   Alessandro; Panteghini,   Paolo M.; Vergalli,   Sergio.	
Data: 	2010-06-15	
Ano: 	2010	
Palavras-chave: 	Capital Levy; Corporate Taxation; Default Risk; Real Options; Financial Economics; H2.	
Resumo: 	In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment projects. By letting a representative firm borrow optimally, we show that debt finance not only encourages investment activities but can also substantially mitigate the effect of tax rate uncertainty on investment timing.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/91001	
Relação: 	Fondazione Eni Enrico Mattei (FEEM)&gt;Institutions and Markets Papers

IM

68.2010	
Formato: 	34