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Neutral Corporate Taxation under Uncertainty: New Insights Offered by Real Options Theory

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Author Info
Dahlstrom, T.
Abstract

This paper extends earlier work on investment-neutral corporate taxation by allowing for projects to be irreversible and option value considerations to enter into the investor's decision rule.

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Publisher Info
Paper provided by Department of Economics in its series University of Helsinki, Department of Economics with number 469.

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Length: 25 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:helsec:469

Contact details of provider:
Postal: University of Helsinki; Department of Economics, P.O.Box 54 (Unioninkatu 37) FIN-00014 Helsingin Yliopisto
Phone: +358 9 191 8897
Fax: +358 9 191 8877
Email:
Web page: http://www.valt.helsinki.fi/katal/
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Related research
Keywords: CORPORATION TAX UNCERTAINTY BUSINESS FINANCING

Find related papers by JEL classification:
G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy
H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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