The implications of tax loss carryforwards on investment policy
The implications of tax loss carryforwards on investment policy
About this item
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Author / Creator
Publisher
Berlin/Heidelberg: Springer Berlin Heidelberg
Journal title
Language
English
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Publisher
Berlin/Heidelberg: Springer Berlin Heidelberg
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Scope and Contents
Contents
This paper explores the effects of tax loss carryforwards (TLCs) on the timing of an irreversible investment. Tax asymmetries restrict the use of TLCs, which induces an option value on the benefits of investing. We highlight the trade-off between the cost of delaying the investment and exercising the option deep in the money in order to expedite th...
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Full title
The implications of tax loss carryforwards on investment policy
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_proquest_journals_2682010960
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2682010960
Other Identifiers
ISSN
1862-9679
E-ISSN
1862-9660
DOI
10.1007/s11579-022-00318-4
