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Taxation and the Cost of Capital: The "Old" View, the "New" View and Another View

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NBER1990-10-01 更新2025-01-04 收录
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This paper is a critical survey of the recent literature on the tax effects on corporate finance and investment decisions. It corrects a common misinterpretation of the "new" view, emphasizes the cushion effect of financial optimization, dismisses the view that optimizing firms behave as if they

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1990-10-01
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