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]
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