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Taxation, Corporate Financial Policy and the Cost of Capital
14 references·16 citing·23 second hop
Taxation, Corporate Financial Policy and the Cost of Capital (1982)Taxation, Corporate Financial Policy and …The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Dividends and Taxes: Some Empirical Evidence (1982)Dividends and Taxes: Some Emp…Optimal capital structure under corporate and personal taxation (1980)Optimal capital structure und…Determinants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The arbitrage theory of capital asset pricing (1976)The arbitrage theory of capit…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…A General Equilibrium Approach To Monetary Theory (1969)A General Equilibrium Approac…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)CORPORATE INCOME TAXES AND TH…Capital Theory and Investment Behavior (1963)Capital Theory and Investment…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…A Social Equilibrium Existence Theorem* (1952)A Social Equilibrium Existenc…Approaches to the Economics of Discrimination (2025)Approaches to the Economics o…Taxation and Corporate Risk-Taking (2017)Taxation and Corporate Risk-T…Investment, the Cost of Capital and Monetary Policy in the Nineties in France: A Panel Data Investigation (2010)Investment, the Cost of Capit…Taxes, Regulations, and the Value of U.S. and U.K. Corporations (2005)Taxes, Regulations, and the V…Tax-effects on Work Activity, Industry Mix and Shadow Economy Size: Evidence from Rich Country Comparisons (2005)Tax-effects on Work Activity,…The monetary transmission mechanism in the euro area: evidence from VAR analysis (2003)The monetary transmission mec…Monetary Policy Transmission in the Euro Area (2003)Monetary Policy Transmission …Financial systems and the role of banks in monetary policy transmission in the euro area (2003)Financial systems and the rol…Tax Policy and Business Investment**RGH acknowledges financial support from Harvard Business School and the American Enterprise Institute. (2002)Tax Policy and Business Inves…Taxation and Corporate Financial Policy (2001)Taxation and Corporate Financ…Tax reforms and investment: A cross-country comparison (1996)Tax reforms and investment: A…Asymmetric Information, Liquidity Constraints, and Canadian Investment (1993)Asymmetric Information, Liqui…Tax policy and business fixed investment in the United States (1992)Tax policy and business fixed…ON THE "TRADITIONAL" and "NEW" VIEWS OF DIVIDEND TAXATION (1991)ON THE "TRADITIONAL" and "NEW…Structural Dependence of the State on Capital (1988)Structural Dependence of the …The Economic Effects of Dividend Taxation (1984)The Economic Effects of Divid…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Financial Intermediation and Delegated Monitoring (1984)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Law and Finance (1998)The theory and practice of corporate finance: evidence from the field (2001)Information Technology and the U.S. Economy (2001)Nursery Cities: Urban Diversity, Process Innovation, and the Life Cycle of Products (2001)Does female representation in top management improve firm performance? A panel data investigation (2012)Risk, Return, and Equilibrium: Empirical Tests (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)
this work references cited by second hop

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1976The arbitrage theory of capital asset pricing7,081 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1963CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION5,951 cited
  • 1969A General Equilibrium Approach To Monetary Theory5,340 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1980Optimal capital structure under corporate and personal taxation2,906 cited
  • 1963Capital Theory and Investment Behavior2,191 cited
  • 1952A Social Equilibrium Existence Theorem*1,523 cited
  • 1982Dividends and Taxes: Some Empirical Evidence677 cited

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  • 1988Structural Dependence of the State on Capital627 cited

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1984
The Economic Effects of Dividend Taxation
359 cited
  • 1996Tax reforms and investment: A cross-country comparison335 cited
  • 2003Monetary Policy Transmission in the Euro Area330 cited
  • 2005Taxes, Regulations, and the Value of U.S. and U.K. Corporations324 cited
  • 2001Taxation and Corporate Financial Policy312 cited
  • 1993Asymmetric Information, Liquidity Constraints, and Canadian Investment296 cited
  • 2002Tax Policy and Business Investment**RGH acknowledges financial support from Harvard Business School and the American Enterprise Institute.264 cited
  • 2017Taxation and Corporate Risk-Taking194 cited
  • 2025Approaches to the Economics of Discrimination177 cited
  • 2003Financial systems and the role of banks in monetary policy transmission in the euro area169 cited
  • 2005Tax-effects on Work Activity, Industry Mix and Shadow Economy Size: Evidence from Rich Country Comparisons161 cited
  • 1992Tax policy and business fixed investment in the United States159 cited
  • 2003The monetary transmission mechanism in the euro area: evidence from VAR analysis153 cited
  • 2010Investment, the Cost of Capital and Monetary Policy in the Nineties in France: A Panel Data Investigation150 cited
  • 1991ON THE "TRADITIONAL" and "NEW" VIEWS OF DIVIDEND TAXATION150 cited