Geschäftskunden Kundenprogramme
Vor Ort
Merkzettel Warenkorb
  • Produktbild: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation
  • Produktbild: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation
Band 305

Dynamic Firm and Investor Behaviour under Progressive Personal Taxation

Aus der Reihe Lecture Notes in Economics and Mathematical Systems

Fr. 72.90

inkl. gesetzl. MwSt., Versandkostenfrei

Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

11.05.1988

Verlag

Springer Berlin

Seitenzahl

215

Maße (L/B/H)

24.4/17/1.2 cm

Gewicht

409 g

Auflage

Softcover reprint of the original 1st ed. 1988

Sprache

Englisch

ISBN

978-3-540-19230-5

Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

11.05.1988

Verlag

Springer Berlin

Seitenzahl

215

Maße (L/B/H)

24.4/17/1.2 cm

Gewicht

409 g

Auflage

Softcover reprint of the original 1st ed. 1988

Sprache

Englisch

ISBN

978-3-540-19230-5

Herstelleradresse

Springer-Verlag KG
Sachsenplatz 4-6
1201 Wien
AT

Email: GPSR Kontakt

Noch keine Bewertungen vorhanden

Verfassen Sie die erste Bewertung zu diesem Artikel

Helfen Sie anderen Kundinnen und Kunden durch Ihre Meinung.

Kundinnen und Kunden meinen

Bewertungen (0)
  • Produktbild: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation
  • Produktbild: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation
  • One: Scope and Outline of the Book.- 1.1. Principal aim of the book.- 1.2. Theory of corporate finance.- 1.3. Dynamics of the firm.- 1.4. Relevance and motivation of the book.- 1.5. Subproblems.- 1.6. Outline of the book.- Two: Models of Dynamic Behaviour.- 2.1. Introduction.- 2.2. Dynamic and -management modelling.- 2.2.1. Exponential growth.- 2.2.2. Multiperiod constraints.- 2.2.3. Dynamic control.- 2.3. A dynamic theory of the firm: investment, finance and dividend.- 2.3.1. The firm’s objective.- 2.3.2. Input and its transformation to output.- 2.3.3. Finance and government.- 2.3.4. Additional assumptions.- 2.3.5. Summary of the basic model and general solution procedure.- 2.3.6. Optimal policy strings.- 2.3.7. Summary and conclusions.- 2.4. Dynamic modeling: survey and conclusions.- Three: Taxation and some Implications.- 3.1. Introduction.- 3.2. Some examples.- 3.3. Fiscal (non) neutrality.- 3.4. Different types of profit and income tax regimes.- 3.4.1. Classical system.- 3.4.2. Two rate system.- 3.4.3. Imputation system.- 3.4.4. Integrated system.- 3.4.5. Neutrality of the tax regimes.- 3.5. Leverage and the value of a firm.- 3.5.1. Irrelevancy theorem of Modigliani and Miller.- 3.5.2. Corporate tax correction theorem.- 3.5.3. Leverage related costs.- 3.5.4. Personal taxes.- 3.6. Leverage and market equilibrium.- 3.6.1. Before Tax Theory.- 3.6.2. After Tax Theory.- 3.7. Conclusion.- Four: Financial Market Equilibrium under Taxation and Tax Induced Clienteles Effects.- 4.1. Introduction.- 4.2. Dividend and leverage irrelevancy theorem under personal taxation.- 4.3. Dividend and financial leverage clienteles.- 4.4. Equilibrium market value reconsidered by Gordon.- 4.5. Discussion and extension of Gordon’s framework.- 4.5.1. Investor’s objective and the Modigliani-Miller framework.- 4.5.2. Supply adjustment of debt by firms.- 4.5.3. Value of a firm with interior leverage rate.- 4.5.4. Miller versus Gordon.- 4.6. A corrected equilibrium approach.- 4.7. Tax induced investment clienteles.- 4.8. Conclusion.- Five: Optimal Policy String of a Single Value Maximizing Firm under Personal Taxation.- 5.1. Introduction.- 5.2. The model.- 5.3. Optimal solution.- 5.4. Further analysis.- 5.5. Sensitivity analysis.- 5.5.1. Influence of the fiscal parameters.- 5.5.2. Influence of the financial parameters.- 5.5.3. Interaction of fiscal parameters and the time preference rate.- 5.5.4. Switch of tax regime.- 5.5.5. Initial value and planning horizon.- 5.6. Conclusion.- Six: Individual Investor Behaviour under Equilibrium Conditions.- 6.1. Introduction.- 6.2. Free end point approach under equilibrium conditions.- 6.3. A competitive approach.- 6.4. A differential game approach.- 6.4.1. Theory on differential games.- 6.4.2. Modeling the problem under consideration.- 6.4.3. A Pareto solution of the problem.- 6.5. Conclusion.- Seven: A Time Dependent Equilibrium Approach under a Progressive Personal Tax.- 7.1. Introduction.- 7.2. Optimal behaviour of an equity financed firm.- 7.3. Valuation of the firm’s policy string.- 7.4. Market equilibrium approach.- 7.5. Final results and conclusion.- Eight: Conclusions.- Appendix A1: The Solution of the Optimal Control Problems Formulated in the Chapters Two and Five.- Appendix A2: Derivation of a Particular Expression in Chapter Five.- Appendix B1: Derivation of Optimal Switching Point.- Appendix B2: Solution of Optimal Control Problem Formulated in Chapter Six.- Appendix B3: A Pareto Solution of a Differential Game.- Appendix C: Derivation of a Particular Expression in Chapter Seven.- List of Symbols.- References.