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THE TOOLS OF PUBLIC POLICY
CORPORATE FINANCIAL POLICY
8 other sections not shown
accounts accruals accrued gains ACID Test Statistic analysis assets assume assumption average calculations capital gains tax changes Chapter commercial companies company sector company taxation constraint consumption contingent commodities corporate behaviour corporate tax system cost of capital debt-equity ratio deductible Dividend equations econometric effective tax rate equilibrium equity estimating equation example expected utility financing ratio firm firm's free depreciation funds given imputation system income definition income tax rate indirect utility function individual industrial and commercial interest payments investment grants issuing new shares level of dividends likelihood ratio test marginal rate marginal tax rate nondistortionary optimal financial policy period personal tax rates profits earned profits tax rate of imputation rate of income rate of interest rate of tax realized retained earnings sample share issues share ownership shareholders standard rate stock market take-over activity tax incentive variables tion U.K. quoted companies uncertainty utility function zero