Leverage, uncertainty and investment decisions
| Main author: | Kenc, Turalay |
|---|---|
| Other authors: | Driver, Ciaran |
| Format: | Journal Article |
| Online access: |
Click here to view record |
| id |
eprints-32507 |
|---|---|
| recordtype |
eprints |
| institution |
SOAS, University of London |
| collection |
SOAS Research Online |
| language |
English |
| language_search |
English |
| description |
We explore the role of taxes on stimulating investment decisions for levered firms under cash flows and investment costs uncertainty using the adjusted present value-based real options approach developed by Myers and Read (2019). We extend their work to consider combined tax credits and uncertain investment costs. We then run a numerical analysis to quantify the impact of uncertainty, corporate tax and investment tax credit in stimulating investments. |
| format |
Journal Article |
| author |
Kenc, Turalay |
| author_facet |
Kenc, Turalay Driver, Ciaran |
| authorStr |
Kenc, Turalay |
| author_letter |
Kenc, Turalay |
| author2 |
Driver, Ciaran |
| author2Str |
Driver, Ciaran |
| title |
Leverage, uncertainty and investment decisions |
| publisher |
Elsevier |
| publishDate |
2020 |
| url |
https://eprints.soas.ac.uk/32507/
|