haku: @journal_id 109 / yhteensä: 867
viite: 289 / 867
| Tekijä: | Hutton, J. P. Kenc, T. |
| Otsikko: | The influence of firms' financial policy on tax reform |
| Lehti: | Oxford Economic Papers
1998 : OCT, VOL. 50:4, p. 663-684 |
| Asiasana: | Companies Financial policy Taxation Models United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | The effectiveness of proposed reforms to the tax system intended to stimulate investment depends on how capital structure affects corporate behaviour. A dynamic general equilibrium model, calibrated for the UK, is used to investigate the difference btw. three models of financial structure, incl. one of endogenous structure motivated by agency theory. It is shown that the difference in predicted effects can be significant, and that the impact of the reform on the marginal source of funds is crucial. |
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