Investment, Q, and Taxes

Michael Sumner

Public Finance = Finances publiques, 1989, vol. 44, issue 2, 285-94

Abstract: The net real rate of return on the corporate capital stock dominates Q, the tax-adjusted ratio of the market value of capital to its replacement cost, in explaining variations in investment. The relationship between Q and the components of the net rate of return reveals some of the reasons for its unsatisfactory performance.

Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pfi:pubfin:v:44:y:1989:i:2:p:285-94

Access Statistics for this article

More articles in Public Finance = Finances publiques
Bibliographic data for series maintained by Christopher F. Baum ().