Institutional Ownership Mispricing and Corporate Investment
نویسندگان
چکیده
منابع مشابه
Institutional Ownership, Cost of Capital, and Corporate Investment
Neoclassical models postulate that firms’ investment is determined by expected profitability and the cost of capital. Capital market imperfections, caused by information asymmetries and agency costs, lead to a modified investment scenario, where the external cost of capital is higher than the cost of internal funds. This, in turn, leads to the well-known result of underinvestment by firms. We h...
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Income tax is one of the most important costs of companies and it is usually considered as a cost that should not be paid. One of the most noticeable and influential factors in tax avoidance is corporate ownership structure. With an emphasis on institutional ownership and its types in this paper, it is attempted to measure the effect of this ownership and its types on corporate tax avoidance. F...
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ژورنال
عنوان ژورنال: Open Journal of Business and Management
سال: 2016
ISSN: 2329-3284,2329-3292
DOI: 10.4236/ojbm.2016.42030