Neutral Corporate Taxation under Uncertainty: New Insights Offered by Real Options Theory

T. Dahlstrom

University of Helsinki, Department of Economics from Department of Economics

Abstract: This paper extends earlier work on investment-neutral corporate taxation by allowing for projects to be irreversible and option value considerations to enter into the investor's decision rule.

Keywords: CORPORATION TAX; UNCERTAINTY; BUSINESS FINANCING (search for similar items in EconPapers)
JEL-codes: G31 H25 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:helsec:469

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