Estate taxes and the investment decision in the closely held (Record no. 43548)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01101nab a22001217a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 160615b1996 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Saposnik, Rubin |
| 245 ## - TITLE STATEMENT | |
| Title | Estate taxes and the investment decision in the closely held |
| Statement of responsibility, etc. | Saposnik, Rubin. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 1996 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 315 - 320 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Closely held businesses differ from their publicly held counterparts in the relative importance assigned to planning for estate taxes. When faced with the prospect of an estate taxes liability, owners of closely held businesses may alter their investment behavior. This essay presents a simple model of the investment decision in a closely held business. While finance theory prescribes that firms maximize their value through funding capital projects with positive net present values, this model suggests that the presence of estate taxes may induce the firm to reject projects which, if funded, would add value to the firm. Further, the propensity to pass on value-adding projects increases with both the estate tax rate and the age of the business owner. |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Family Business Review |
| Place, publisher, and date of publication | Sep |
| Withdrawn status | Lost status | Damaged status | Not for loan | Permanent Location | Current Location | Date acquired | Serial Enumeration / chronology | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ahmedabad (HO) | Ahmedabad (HO) | 21/06/2016 | Vol. 9, Issue. 3 | 020018 | 21/06/2016 | 21/06/2016 | Articles |