Corporate financial policy and taxation
This thesis examines the role played by taxes on f i rm financing decisions in a general equilibrium uncertainty setting. The study isolates the conditions required for capital structure and dividend policy irrelevance to the value of the corporate firm. These conditions are relaxed to see how financial decisions are made. In the process there is a review of past theories of optimal capital structure choice, where most rely on leverage related costs. We present a model of optimal firm...[Show more]
|Collections||Open Access Theses|
|b17032994_Jones_C.pdf||135.46 MB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.