haku: @author Byun, J. / yhteensä: 2
viite: 2 / 2
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Tekijä: | Byun, J. Chen, S. |
Otsikko: | The effect on a firm's financing and investment decisions under investment barriers |
Lehti: | Review of Quantitative Finance and Accounting
1997 : VOL. 8:3, p. 191-209 |
Asiasana: | FINANCE ACCOUNTING INVESTMENT |
Kieli: | eng |
Tiivistelmä: | 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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