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Taxation, Corporate Growth and Financial Policy

山口経済学雑誌 Volume 42 Issue 1-2 Page 27-52
published_at 1994-09-30
C050042000102.pdf
[fulltext] 732 KB
Title
Taxation, Corporate Growth and Financial Policy
Creators Nakamura Tamotsu
Source Identifiers
This paper presents a coporate growth model in which investment and financial policies are simultaneously determined under the constraint that the corporate financial structure affects its borrowing rate of interest. Also, the effects of taxation and the degree of the bank-borrower (corporate) relation on investment are examined. As a result, it is shown that close bank-corporate relationship raises the corporate growth rate and its debt-capital ratio, and that the effect of tax rates on the growth rate become ambiguous due to the indirect effects through changes of financial policies.
Languages eng
Resource Type departmental bulletin paper
Publishers 山口大學經濟學會
Date Issued 1994-09-30
File Version Version of Record
Access Rights open access
Relations
[ISSN]0513-1758
[NCID]AN00243258
[isVersionOf] [URI]http://ci.nii.ac.jp/vol_issue/nels/AN00243258_jp.html
Schools 経済学部