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Book Cover
E-book
Author Palomba, Geremia

Title Firm investment, corporate finance and taxation / Geremia Palomba
Published [Washington, D.C.] : International Monetary Fund, ©2002

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Description 1 online resource (45 pages) : illustrations
Series IMF working paper, 2227-8885 ; WP/02/237
IMF working paper ; WP/02/237.
Summary This paper examines the intertemporal effect of corporate income taxation on the investment behavior of a firm that faces imperfect capital markets. It shows that when capital markets are imperfect, the optimizing firm goes through different phases of growth. In this dynamic setting, the effect of a corporate tax on profits varies over time. An increase in the corporate profit tax rate initially reduces investment, but the effect is reversed over time as the firm adjusts its financing policy to the new tax rate
Notes Cover title
"December 2002"--Page 1
Bibliography Includes bibliographical references (pages 44-45)
Notes At head of title: Fiscal Affairs Department
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Investments -- Econometric models
Corporations -- Taxation -- Econometric models
Business enterprises -- Taxation -- Econometric models
Profit -- Taxation -- Econometric models
Business enterprises -- Taxation -- Econometric models
Corporations -- Taxation -- Econometric models
Investments -- Econometric models
Form Electronic book
Author International Monetary Fund. Fiscal Affairs Department.
ISBN 1283552450
9781283552455
9781451920321
1451920326
1462322417
9781462322411
1452778280
9781452778280
9786613864901
6613864900