Pass-through taxation and the value of the firm

Date

1997-08

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Tech University

Abstract

Much work has been done on the optimal capital structure and valuation of the firm. The literature contains examinations of the valuation and optimal capital structure of the firm under various federal tax systems. The vast majority of all valuation literature has explored the optimal capital structure and valuation under the double taxation system. The goal of this dissertation is to develop and test valuation equations and optimal capital structure conditions for firms subject to double taxation and pass-through taxation. A discussion of these two taxation methods follows.

Description

Keywords

Dividends, Corporations, Business enterprises, Double taxation

Citation