Failures in Corporate Governance: Can the Corporation Tax Improve Efficiency?

V. Kannianen

University of Helsinki, Department of Economics from Department of Economics

Abstract: The well-known tax results obtained in the traditional model of investment are re-examined in a model of imperfect corporate governance. The corporation tax, the dividend tax and the capital gains tax have unconventional stock market and real effects which operate through the managerial compensation scheme.

Keywords: INVESTMENTS; OWNERSHIP; BUSINESS ORGANIZATION; TAXATION (search for similar items in EconPapers)
JEL-codes: D23 G32 H20 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:helsec:474

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