{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/70743"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/70743","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"The Effects of Taxation on Corporate Investment and Financial Policy","abstract":"The effects of taxation on a firm's investment decisions have long been debated. This study investigates several approaches to the analysis of this subject. One area of focus is the analysis of investment policy in the presence of a legal constraint on financial policy. It has been argued previously that one such constraint necessarily complicates a firm's investment policy decisions. This study shows that the complication arises only from the way in which the constraint is written. In fact, investment policy will be not affected by taxation when this legal constraint is carefully specified. Also analyzed is a legal constraint on share repurchase and the effect of taxing capital gains at realization on investment policy. In addition, the effects of taxation on a firm's financial policy are studied.","abstract_html":"The effects of taxation on a firm's investment decisions have long been debated. This study investigates several approaches to the analysis of this subject. One area of focus is the analysis of investment policy in the presence of a legal constraint on financial policy. It has been argued previously that one such constraint necessarily complicates a firm's investment policy decisions. This study shows that the complication arises only from the way in which the constraint is written. In fact, investment policy will be not affected by taxation when this legal constraint is carefully specified. Also analyzed is a legal constraint on share repurchase and the effect of taxing capital gains at realization on investment policy. In addition, the effects of taxation on a firm's financial policy are studied.","abstract_has_math":false,"creators":["Gilmore, Doug John"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2014,"date_issued":"2014-12-16T04:04:56Z","date_published":"2014-12-16T04:04:56Z","updated_at":"2026-07-22T22:26:03Z","subjects":["Economics, Theory"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier","label":"Identifier","values":["(UMI)AAI8409932"],"render_values":[{"text":"(UMI)AAI8409932","href":null,"code":true}]}]},"links":{"outbound_url":"http://hdl.handle.net/2142/70743","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:creator","label":"Author","values":["Gilmore, Doug John"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2014-12-16T04:04:56Z","1983"]},{"key":"dc:type","label":"Dc Type","values":["text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Economics, Theory"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/70743","(UMI)AAI8409932"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["The effects of taxation on a firm's investment decisions have long been debated. This study investigates several approaches to the analysis of this subject. One area of focus is the analysis of investment policy in the presence of a legal constraint on financial policy. It has been argued previously that one such constraint necessarily complicates a firm's investment policy decisions. This study shows that the complication arises only from the way in which the constraint is written. In fact, investment policy will be not affected by taxation when this legal constraint is carefully specified. Also analyzed is a legal constraint on share repurchase and the effect of taxing capital gains at realization on investment policy. In addition, the effects of taxation on a firm's financial policy are studied.","Made available in DSpace on 2014-12-16T04:04:56Z (GMT). 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This study investigates several approaches to the analysis of this subject. One area of focus is the analysis of investment policy in the presence of a legal constraint on financial policy. It has been argued previously that one such constraint necessarily complicates a firm's investment policy decisions. This study shows that the complication arises only from the way in which the constraint is written. In fact, investment policy will be not affected by taxation when this legal constraint is carefully specified. Also analyzed is a legal constraint on share repurchase and the effect of taxing capital gains at realization on investment policy. In addition, the effects of taxation on a firm's financial policy are studied.","Made available in DSpace on 2014-12-16T04:04:56Z (GMT). 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