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The Effects of Taxation on Risk Taking
3 references·16 citing·49 second hop
The Effects of Taxation on Risk Taking (1969)The Effects of Taxation on Risk TakingRisk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Taxation and Risk-Taking: An Expected Utility Approach (1968)Taxation and Risk-Taking: An …Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Should Robots Be Taxed? 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(2007)Redistribution, Inequality, and Growth (2014)Aspects of the Theory of Risk-Bearing. (1966)Aspects of Rational Insurance Purchasing (1992)FROM THE LAB TO THE FIELD: A REVIEW OF TAX EXPERIMENTS (2017)Approaches to the Economics of Discrimination (2025)The Theory of Capital Structure (1991)Managerial incentives and risk-taking☆ (2005)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Tax Loss Carrybacks: Investment Stimulus versus Misallocation (2017)The Economics of Managerial Taxes and Corporate Risk-Taking (2017)Real Effects of Corporate Taxation: A Review (2021)A Contribution to the Theory of Economic Growth (1956)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers (2021)Measuring innovation and navigating its unique information issues: A review of the accounting literature on innovation (2024)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)
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References

  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1968Taxation and Risk-Taking: An Expected Utility Approach241 cited

Cited by

  • 2000Unequal Societies: Income Distribution and the Social Contract1,104 cited
  • 1999Tax and Education Policy in a Heterogeneous Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?693 cited
  • 2017Optimal Tax Progressivity: An Analytical Framework*597 cited
  • 2016Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking241 cited
  • 2017Taxation and Corporate Risk-Taking194 cited
  • 2013Marginal Tax Rates and Income: New Time Series Evidence189 cited
  • 1976Optimal Portfolios with One Safe and One Risky Asset: Effects of Changes in Rate of Return and Risk171 cited
  • 1998Social Insurance, Incentives and Risk-Taking168 cited
  • 1977Risk, Probabilities, and a New Theory of Cardinal Utility165 cited
  • 1996Social insurance, incentives and risk taking139 cited
  • 1982The Taxation of Risky Assets138 cited
  • 2021Should Robots Be Taxed?134 cited

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  • 2010“Unfunded liabilities” and uncertain fiscal financing126 cited
  • 2020Portfolio selection: a fuzzy-ANP approach123 cited
  • 1985Chapter 1 A brief history of fiscal doctrine119 cited
  • 2004How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy113 cited