search query: @author Chen, S. / total: 17
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| Author: | Byun, J. Chen, S. |
| Title: | The effect on a firm's financing and investment decisions under investment barriers |
| Journal: | Review of Quantitative Finance and Accounting
1997 : VOL. 8:3, p. 191-209 |
| Index terms: | FINANCE ACCOUNTING INVESTMENT |
| Language: | eng |
| Abstract: | The effect of barriers to international investment (in the form of differential taxation) upon a firm's investment and financing decision is analyzed through a newly derived international capital asset pricing model. A firm using an improper object selection criterion which fails to account for the effect of barriers to international investment may reject a desirable project with high systematic risk, whereas it may incorrectly accept an undesirable project with low systematic risk. |
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