haku: @author Shanker, L. / yhteensä: 3
viite: 1 / 3
« edellinen | seuraava »
| Tekijä: | Shanker, L. |
| Otsikko: | An innovative analysis of taxes and corporate hedging |
| Lehti: | Journal of Multinational Financial Management
2000 : SEP-DEC, VOL. 10:3/4, p. 237-256 |
| Asiasana: | FINANCIAL MANAGEMENT HEDGING TAXATION |
| Kieli: | eng |
| Tiivistelmä: | Theoretical research predicted that firms with convex tax schedules would hedge to minimize expected taxes. However, previous empirical research did not detect a relationship between derivative use and tax losses carry forward, which contribute to tax schedule convexity. This study aims to show that the tax incentive to hedge depends on tax losses carry forward and the ability of the firm to carry losses forward and back, which depends on the distribution of taxable income. |
« edellinen | seuraava »
SCIMA