SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Some nonlinear tax effects on asset values and investment decisions under uncertainty
16 references·16 citing·35 second hopsampled
Some nonlinear tax effects on asset values and investment decisions under uncertainty (1990)Some nonlinear tax effects on asset value…Theory of rational option pricing (2005)Theory of rational option pri…Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases (1988)Option Valuation of Claims on…The Dynamic Effects of Tax Law Asymmetries (1986)The Dynamic Effects of Tax La…Irreversible Investment, Capacity Choice, and the Value of the Firm (1986)Irreversible Investment, Capa…Irreversible Investment, Capacity Choice and the Value of the Firm (1986)Irreversible Investment, Capa…Valuation by Approximation: A Comparison of Alternative Option Valuation Techniques (1985)Valuation by Approximation: A…Taxation of Corporate Capital Income: Tax Revenues Versus Tax Distortions (1985)Taxation of Corporate Capital…Evaluating Natural Resource Investments (1985)Evaluating Natural Resource I…The Value of Waiting to Invest (1982)The Value of Waiting to InvestMARKET RISK ADJUSTMENT IN PROJECT VALUATION (1978)MARKET RISK ADJUSTMENT IN PRO…Finite Difference Methods and Jump Processes Arising in the Pricing of Contingent Claims: A Synthesis (1978)Finite Difference Methods and…The valuation of options for alternative stochastic processes (1976)The valuation of options for …Option pricing (1976)Option pricingTheory of Rational Option Pricing (1973)Theory of Rational Option Pri…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Proportional Income Taxation and Risk-Taking (1944)Proportional Income Taxation …What do we know about the sharing of mineral resource rent in Africa? (2015)What do we know about the sha…A parsimonious model of tax avoidance and distortions in petroleum exploration and development (2014)A parsimonious model of tax a…Investment impact of tax loss treatment—empirical insights from a panel of multinationals (2012)Investment impact of tax loss…Contrasting two approaches in real options valuation: Contingent claims versus dynamic programming (2009)Contrasting two approaches in…Forschungsergebnisse in der Betriebswirtschaftlichen Steuerlehre — eine Bestandsaufnahme (2008)Forschungsergebnisse in der B…FDI timing: Entry cost subsidy versus tax rate reduction (2007)FDI timing: Entry cost subsid…Can tax convexity be ignored in corporate financing decisions? (2007)Can tax convexity be ignored …Group Taxation, Asymmetric Taxation, and Cross-Border Investment Incentives in Austria (2006)Group Taxation, Asymmetric Ta…Valuing uncertain asset cash flows when there are no options: A real options approach (2005)Valuing uncertain asset cash …How to maximize domestic benefits from foreign investments: the effect of irreversibility and uncertainty (2004)How to maximize domestic bene…Asymmetric Taxation and Cross-Border Investment Decisions (2004)Asymmetric Taxation and Cross…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)Taxation, Risk-Taking, and Ho…Taxes and stimuli of investment under uncertainty (2000)Taxes and stimuli of investme…Modern asset pricing and project evaluation in the energy industry (2000)Modern asset pricing and proj…The Corporation Tax: A Survey (1995)The Corporation Tax: A SurveyPetroleum taxation under uncertainty: contingent claims analysis with an application to Norway (1992)Petroleum taxation under unce…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Irreversibility, Uncertainty, and Cyclical Investment (1980)Economic Instability and Aggregate Investment (1993)Foreign Direct Investment, Exchange Rate Variability and Demand Uncertainty (1994)Real options theory in strategic management (2016)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Pricing of Options and Corporate Liabilities (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Option pricing: A simplified approach (1979)The Pricing of Options on Assets with Stochastic Volatilities (1987)Capital Theory and Investment Behavior (1963)Option pricing when underlying stock returns are discontinuous (1976)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Joint Ventures and the Option to Expand and Acquire (1991)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)A Theory of Auctions and Competitive Bidding (1982)Stochastic Convenience Yield and the Pricing of Oil Contingent Claims (1990)Investor valuation of the abandonment option (1996)The Long-Run Evolution of Energy Prices (1999)Determinants of corporate borrowing (1977)A Theory of the Term Structure of Interest Rates (1985)Entry and Exit Decisions under Uncertainty (1989)Irreversibility, Uncertainty, and Investment (1990)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION (1975)On the Measurement of Poverty (1987)Capital tax competition: bane or boon (2003)Investment and Hysteresis (1992)Real Options and Interactions with Financial Flexibility (1993)Strategic Growth Options (1998)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1973Theory of Rational Option Pricing8,060 cited
  • 2005Theory of rational option pricing7,161 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1982The Value of Waiting to Invest3,606 cited
  • 1976The valuation of options for alternative stochastic processes2,935 cited
  • 1985Evaluating Natural Resource Investments2,379 cited
  • 1986Irreversible Investment, Capacity Choice and the Value of the Firm1,296 cited
  • 1988Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases814 cited
  • 1944Proportional Income Taxation and Risk-Taking786 cited
  • 1986Irreversible Investment, Capacity Choice, and the Value of the Firm574 cited
  • 1976Option pricing473 cited
  • 1978Finite Difference Methods and Jump Processes Arising in the Pricing of Contingent Claims: A Synthesis413 cited
  • 1985Valuation by Approximation: A Comparison of Alternative Option Valuation Techniques218 cited
  • 1978MARKET RISK ADJUSTMENT IN PROJECT VALUATION202 cited
  • 1985Taxation of Corporate Capital Income: Tax Revenues Versus Tax Distortions161 cited
  • 1986

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

The Dynamic Effects of Tax Law Asymmetries
151 cited

Cited by

  • 2005Valuing uncertain asset cash flows when there are no options: A real options approach94 cited
  • 1995The Corporation Tax: A Survey85 cited
  • 2000Taxes and stimuli of investment under uncertainty75 cited
  • 2012Investment impact of tax loss treatment—empirical insights from a panel of multinationals61 cited
  • 1992Petroleum taxation under uncertainty: contingent claims analysis with an application to Norway56 cited
  • 2006Group Taxation, Asymmetric Taxation, and Cross-Border Investment Incentives in Austria54 cited
  • 2008Forschungsergebnisse in der Betriebswirtschaftlichen Steuerlehre — eine Bestandsaufnahme49 cited
  • 2007FDI timing: Entry cost subsidy versus tax rate reduction47 cited
  • 2004Asymmetric Taxation and Cross-Border Investment Decisions43 cited
  • 2009Contrasting two approaches in real options valuation: Contingent claims versus dynamic programming43 cited
  • 2007Can tax convexity be ignored in corporate financing decisions?34 cited
  • 2015What do we know about the sharing of mineral resource rent in Africa?33 cited
  • 2004How to maximize domestic benefits from foreign investments: the effect of irreversibility and uncertainty33 cited
  • 2002Taxation, 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.32 cited
  • 2000Modern asset pricing and project evaluation in the energy industry27 cited
  • 2014A parsimonious model of tax avoidance and distortions in petroleum exploration and development26 cited