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Corporate financial policy and taxation

Jones, Chris

Description

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]

CollectionsOpen Access Theses
Date published: 1988
Type: Thesis (PhD)
URI: http://hdl.handle.net/1885/127615

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