Titlebook: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation; Geert-Jan C. Th. Schijndel Book 1988 Springer-Verlag Berlin Heide

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GLADE

Dynamic Firm and Investor Behaviour under Progressive Personal Taxation

欢乐东方

湿润

glamor

Infant

Financial Market Equilibrium under Taxation and Tax Induced Clienteles Effects,n the corporate dividend and investment policy as well as on the investors’ choices as a function of their disposable personal income. To do so, we once again elaborate on the firm’s equilibrium market value onder taxation and its implications with respect to tax induced clienteles.

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A Time Dependent Equilibrium Approach under a Progressive Personal Tax,ferent tax brackets. To that end, we consider in a dynamic setting the impact of personal taxation on the optimal policy string of value maximizing firms and the equilibrium portfolio selection of investors, both under the assumption of no separation of ownership and control.