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Trends in Corporate Profitability and Capital Costs
6 references·3 citing·36 second hop
Trends in Corporate Profitability and Capital Costs (2011)Trends in Corporate Profitability and Cap…The Taxation of Income from Capital (1984)The Taxation of Income from C…The Stock Market: Theories and Evidence. (1974)The Stock Market: Theories an…Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Risk, The Pricing of Capital …A General Equilibrium Approach To Monetary Theory (1969)A General Equilibrium Approac…Pitfalls in Financial Model-Building (1968)Pitfalls in Financial Model-B…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …Government debt and private leverage (1983)Government debt and private l…The Effective Tax Rate and the Pretax Rate of Return (1981)The Effective Tax Rate and th…Profitability and Capital Costs for Manufacturing Corporations and All Nonfinancial Corporations (1980)Profitability and Capital Cos…Estimates of Effective Marginal Tax Rates on Factor Incomes**Originally published in the Journal of Business, 1981, Vol. 54, No. 2. © 1981 by The University of Chicago. (1983)Raw Materials, Profits, and the Productivity Slowdown (1984)Business Cycles: The Problem and Its Setting. (1928)Public Policy and the Corporation. (1978)INFLATION AND THE TAXATION OF CAPITAL INCOME IN THE CORPORATE SECTOR (1979)Tax Neutrality and Intangible Capital (1987)Tobin's q, investment, and the endogenous adjustment of financial structure (1989)Dividends and Taxes (2006)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Pricing of Options and Corporate Liabilities (1973)Determinants of corporate borrowing (1977)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (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)Performance Hypothesis Testing with the Sharpe and Treynor Measures (1981)Time-varying conditional covariances in tests of asset pricing models (1989)Measuring abnormal performance (1992)Are Government Bonds Net Wealth? (1974)DEBT AND TAXES* (1977)Optimal capital structure under corporate and personal taxation (1980)Taxation, Risk-Taking, and Household Portfolio Behavior**I am grateful to Alan Auerbach, Scott Weisbenner, and participants at the Burch Center Symposium for helpful comments, to Andrew Mitrusi for providing me with data from TAXSIM, and to the Hoover Institution and National Science Foundation for research support. (2002)The effects of government borrowing on corporate financing: Evidence from Europe (2016)Leverage dynamics: Do financial development and government leverage matter? Evidence from a major developing economy (2019)Macroeconomics and Reality (1980)Shareholder value, stakeholder management, and social issues: what's the bottom line? (2001)Do ESG Controversies Matter for Firm Value? Evidence from International Data (2016)Structural Dependence of the State on Capital (1988)Political responses to interdependence: what's “left” for the left? (1991)How effective are fiscal incentives for R&D? A review of the evidence (2000)Applying Financial Portfolio Theory to Product Portfolio Decisions: An Empirical Study (1983)Forecasting Gold Prices Using Multiple Linear Regression Method (2009)History of the Efficient Market Hypothesis (2012)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)
this work references cited by second hop

References

  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1969A General Equilibrium Approach To Monetary Theory5,340 cited
  • 1968Pitfalls in Financial Model-Building1,042 cited
  • 1969Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios941 cited
  • 1984The Taxation of Income from Capital573 cited
  • 1974The Stock Market: Theories and Evidence.148 cited

Cited by

  • 1981The Effective Tax Rate and the Pretax Rate of Return36 cited
  • 1983Government debt and private leverage35 cited
  • 1980Profitability and Capital Costs for Manufacturing Corporations and All Nonfinancial Corporations27 cited

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