The Investment Funds System Reconsidered
AbstractThis paper studies the effects of the Swedish investment funds system on the cost of capital. It is shown that the incentive effects critically depend on which "regime" it expects to be in in the future. For quite reasonable assumptions, investment funds system releases turn out to have much less impact on the incentive to invest than conventionally assumed. Copyright 1989 by The editors of the Scandinavian Journal of Economics.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.
Volume (Year): 91 (1989)
Issue (Month): 4 ()
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
Other versions of this item:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
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