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Dynamic Firm and Investor Behaviour under Progressive Personal Taxation

  • Book
  • © 1988

Overview

Authors:
  1. Geert-Jan C. Th. Schijndel

    1. GJ Tilburg, The Netherlands

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 305)

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Table of contents (8 chapters)

  1. Front Matter

    Pages N2-X
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  2. Scope and Outline of the Book

    • Geert-Jan C. Th. van Schijndel
    Pages 1-8

  3. Models of Dynamic Firm Behaviour

    • Geert-Jan C. Th. van Schijndel
    Pages 9-39

  4. Taxation and Some Implications

    • Geert-Jan C. Th. van Schijndel
    Pages 41-63

  5. Financial Market Equilibrium under Taxation and Tax Induced Clienteles Effects

    • Geert-Jan C. Th. van Schijndel
    Pages 65-92

  6. Optimal Policy String of a Single Value Maximizing Firm under Personal Taxation

    • Geert-Jan C. Th. van Schijndel
    Pages 93-115

  7. Individual Investor Behaviour under Equilibrium Conditions

    • Geert-Jan C. Th. van Schijndel
    Pages 117-142

  8. A Time Dependent Equilibrium Approach under a Progressive Personal Tax

    • Geert-Jan C. Th. van Schijndel
    Pages 143-159

  9. Conclusions

    • Geert-Jan C. Th. van Schijndel
    Pages 161-164

  10. Back Matter

    Pages 165-219
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Keywords

About this book

This book aims to include the effects of a progressive personal tax into the deterministic dynamic theory of the firm. To this end the author investigates the impact of a progressive personal tax on the optimal dividend, financing and investment policy of a shareholder-controlled, value-maximising firm. More specifically, the principal aim is the justification of the thesis that during each stage of their evolution, firms will be controlled by investors in different tax brackets. With this aim in mind, the author develops a dynamic equilibrium and portfolio theory under certainty, which considers: - the market value of an arbitrary firm such that no excess demand for or supply of shares exists, - the portfolio selection of differently taxed investors, - the succession of differently taxed investors, who possess the shares of any value-maximizing firm, in the course of time, - the optimal resulting policy string and corresponding evolution of a firm in the course of time.

Authors and Affiliations

  • GJ Tilburg, The Netherlands

    Geert-Jan C. Th. Schijndel

Bibliographic Information

  • Book Title: Dynamic Firm and Investor Behaviour under Progressive Personal Taxation

  • Authors: Geert-Jan C. Th. Schijndel

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-46637-3

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1988

  • Softcover ISBN: 978-3-540-19230-5Published: 11 May 1988

  • eBook ISBN: 978-3-642-46637-3Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: X, 215

  • Topics: Finance, general, Accounting/Auditing

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