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Hundsdoerfer J, Kruschwitz L, Lorenz D (2008). Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative. BuR - Business Research, Vol. 1, Iss. 1, pp. 9-24, URN: urn:nbn:de:0009-20-13900
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%0 Journal Article %T Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative %A Hundsdoerfer, Jochen %A Kruschwitz, Lutz %A Lorenz, Daniela %J BuR - Business Research %D 2008 %V 1 %N 1 %@ 1866-8658 %F hundsdoerfer2008 %X In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates. %L 330 %K dividend distribution decisions %K financing policy %K investment decisions %K payout policy %K tax planning %U http://nbn-resolving.de/urn:nbn:de:0009-20-13900 %P 9-24
Bibtex
@Article{hundsdoerfer2008,
author = "Hundsdoerfer, Jochen
and Kruschwitz, Lutz
and Lorenz, Daniela",
title = "Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative",
journal = "BuR - Business Research",
year = "2008",
volume = "1",
number = "1",
pages = "9--24",
keywords = "dividend distribution decisions",
keywords = "financing policy",
keywords = "investment decisions",
keywords = "payout policy",
keywords = "tax planning",
abstract = "In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates.",
issn = "1866-8658",
url = "http://nbn-resolving.de/urn:nbn:de:0009-20-13900"
}
RIS
TY - JOUR AU - Hundsdoerfer, Jochen AU - Kruschwitz, Lutz AU - Lorenz, Daniela PY - 2008// TI - Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative JO - BuR - Business Research SP - 9 EP - 24 VL - 1 IS - 1 KW - dividend distribution decisions KW - financing policy KW - investment decisions KW - payout policy KW - tax planning N2 - In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates. SN - 1866-8658 UR - http://nbn-resolving.de/urn:nbn:de:0009-20-13900 ID - hundsdoerfer2008 ER -
Wordbib
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ISI
PT Journal AU Hundsdoerfer, J Kruschwitz, L Lorenz, D TI Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative SO BuR - Business Research PY 2008 BP 9 EP 24 VL 1 IS 1 DE dividend distribution decisions; financing policy; investment decisions; payout policy; tax planning AB In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates. ER
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Full Metadata
| Bibliographic Citation | BuR - Business Research, Vol. 1, Iss. 1, pp. 9-24 |
|---|---|
| Title | Investment Valuation with Tax-optimized Financing Decisions and a Tax-optimized Default Alternative (eng) |
| Author | Jochen Hundsdoerfer, Lutz Kruschwitz, Daniela Lorenz |
| Language | eng |
| Abstract | In this paper we evaluate an indivisible investment project that is carried out in a corporation under very simple premises. In particular, we discuss a one-period model with certainty, the pure domestic case and proportional tax rates. Surprisingly, the decision problem turns out to be rather complex if one has to make allowance for different taxation of the corporation and its owner. Altogether there are more than 10 cases that have to be distinguished if the firm's managers want to make a correct decision, depending on the relation of personal and corporate tax rates. |
| Subject | dividend distribution decisions, financing policy, investment decisions, payout policy, tax planning |
| DDC | 330 |
| Rights | authorcontract |
| URN: | urn:nbn:de:0009-20-13900 |
