Isbn: 9781334431036 - note on taxes, corporate financial policy and the cost of capital to the firm (classic reprint) (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book explores the impact of taxes on corporate financial policies and the cost of capital. The author argues that in the absence of taxes, financial decisions like debt and dividend policies should not affect a firm's value or cost of capital, as investors can recreate any financial package on their own. However, the introduction of taxes, specifically corporate income taxes, creates an incentive for firms to hold as much debt as possible to take advantage of the tax shield. The book extends this analysis to consider the impact of differential personal income and capital gains taxes, finding that these factors also influence optimal debt and dividend policies. The author presents a series of increasingly complex tax structures and examines their impact on a hypothetical corporation's financial policies, providing insights into the interplay between taxes, financial decisions, and the cost of capital. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…