Payout Taxes and the Allocation of Investment
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下载链接：
https://www.nber.org/papers/w17481
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资源简介：
When corporate payout is taxed, internal equity (retained earnings) is cheaper than external equity (share issues). High taxes will favor firms who can finance internally. If there are no perfect substitutes for equity finance, payout taxes may thus change the investment behavior of firms. Using an
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
