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Book Cover
Author Palomba, Geremia, 1966-

Title Firm investment, corporate finance and taxation / Geremia Palomba
Published [Washington, D.C.] : International Monetary Fund, [2002]
Online access available from:
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Description 1 online resource (45 pages) : illustrations
Series IMF working paper ; 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 "December 2002"--Page [1]
At head of title: Fiscal Affairs Department
Cover title
Bibliography Includes bibliographical references (pages 44-45)
Notes Print version record
Subject Business enterprises -- Taxation -- Econometric models.
Corporations -- Taxation -- Econometric models.
Investments -- Econometric models.
Profit -- Taxation -- Econometric models.
Form Electronic book
Author International Monetary Fund. Fiscal Affairs Department.
ISBN 1283552450
1451920326 (E-Book)