Managerial real investment incentives under corporate income taxation
On the role of corporate objectives Williamson has observed: 'in all cases except where profitability is at best the minimum sum necessary to prevent take-over, the policies the firm pursues will depend on the form of its objectives' [264, p.15]. Ansoff expressed a similar opinion in stating that proposed courses of action by a corporation will be tested for the extent to which they are likely to close the gap between the corporation's current position and the set of objectives...[Show more]
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