Check nearby libraries
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
When corporate payout is taxed, internal equity (retained earnings) is cheaper than external equity (share issues). If there are no perfect substitutes for equity finance, payout taxes may therefore have an effect on the investment of firms. High taxes will favor investment by firms who can finance internally. Using an international panel with many changes in payout taxes, we show that this prediction holds well. Payout taxes have a large impact on the dynamics of corporate investment and growth. Investment is "locked in" to profitable firms when payout is heavily taxed. Thus, apart from any level effects, payout taxes change the allocation of capital.
Check nearby libraries
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
Showing 5 featured editions. View all 5 editions?
Edition | Availability |
---|---|
1
Payout taxes and the allocation of investment
2011, National Bureau of Economic Research
Electronic resource
in English
|
zzzz
|
2 |
zzzz
Libraries near you:
WorldCat
|
3 |
zzzz
Libraries near you:
WorldCat
|
4 |
aaaa
Libraries near you:
WorldCat
|
5 |
zzzz
Libraries near you:
WorldCat
|
Book Details
Edition Notes
"October 2010, revised November 2010"--Publisher's website.
Includes bibliographical references.
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?History
- Created January 3, 2023
- 1 revision
Wikipedia citation
×CloseCopy and paste this code into your Wikipedia page. Need help?
January 3, 2023 | Created by MARC Bot | Imported from harvard_bibliographic_metadata record |