Personal taxation, corporate agency costs and firm performance

Dividend and Corporate Taxation in an Agency Model of the Firm

Recent empirical studies of dividend taxation have found that: (1) dividend tax cuts cause large, immediate increases in dividend payouts, and (2) the increases are driven by firms with high levels of share ownership among top executives or the board of directors. These findings are inconsistent with existing theories of dividend taxation. We show that an agency model in which managers and shar...

Firm Risk , Corporate Governance and Firm Performance

Tosi and Gomez-Mejia, (1989) suggest that the challenge of corporate governance is to set up supervisory and incentive alignment mechanisms that alter the risk and effort orientation of agents to align them with the interests of principals. Therefore, the objective of this study is to determine the efficiency of monitoring and incentive contracts given certain characteristics of the firm. That ...

Corporate governance and firm performance

Available online 4 April 2008 How is corporate governance measured? What is the relationship between corporate governance and performance? This paper sheds light on these questions while taking into account the endogeneity of the relationships among corporate governance, corporate performance, corporate capital structure, and corporate ownership structure. We make three additional contributions...

Corporate Tax Evasion with Agency Costs

Taxation And Corporate Performance: Less Is More

This paper is focusing on how different forms of tax effect the performance of individual companies, the whole economy, and the total tax income of the government. We test fixed, sales-linked and profit taxes under changing circumstances: first we will examine the effect of taxes when the growth rate and the uncertainty is zero, then we will take growth opportunities into account, finally we ad...