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Failures in Corporate Governance: Can the Corporation Tax Improve Efficiency?

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  • Kannianen, V.
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    Abstract

    The well-known tax results obtained in the traditional model of investment are re-examined in a model of imperfect corporate governance. The corporation tax, the dividend tax and the capital gains tax have unconventional stock market and real effects which operate through the managerial compensation scheme.

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    Bibliographic Info

    Paper provided by Department of Economics in its series University of Helsinki, Department of Economics with number 474.

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    Length: 29 pages
    Date of creation: 2000
    Date of revision:
    Handle: RePEc:fth:helsec:474

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    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
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    Web page: http://www.helsinki.fi/politiikkajatalous/
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    Related research

    Keywords: INVESTMENTS ; OWNERSHIP ; BUSINESS ORGANIZATION ; TAXATION;

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