Publication:
Leverage, uncertainty and investment decisions
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Turalay Kenc | |
| dc.contributor.author | Ciaran Driver | |
| dc.contributor.author | Kenc, Turalay | |
| dc.date.accessioned | 2022-05-29T06:28:07Z | |
| dc.date.available | 2022-05-29T06:28:07Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | We explore the role of taxes on stimulating investment decisions for levered firms under cashflows and investment costs uncertainty using the adjusted present value-based real options approach developed by Myers and Read (2019). We extend their work to consider combined tax credits and uncertain investment costs. We then run a numerical analysis to quantify the impact of uncertainty, corporate tax and investment tax credit in stimulating investments. | en_US |
| dc.identifier.citation | Kenc, T., & Driver, C. (2020). Leverage, uncertainty and investment decisions. Economic Letters, 190. Article 109052. https://doi.org/10.1016/j.econlet.2020.109052 | en_US |
| dc.identifier.doi | https://doi.org/10.1016/j.econlet.2020.109052 | |
| dc.identifier.issn | 0165-1765 | |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/3569 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | Elsevier B.V. | en_US |
| dc.rights | 2020. Elsevier B.V. | |
| dc.source | SEDONA | |
| dc.subject | Irreversible investment | en_US |
| dc.subject | Tax incentives | en_US |
| dc.subject | Uncertainty | en_US |
| dc.subject | Leverage | en_US |
| dc.title | Leverage, uncertainty and investment decisions | en_US |
| dc.type | Journal Article | en_US |
| dlc.maintopic | Conventional finance | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Conventional finance | en_US |
| relation.isAuthorOfPublication | 7bdf745e-8829-456f-9e4f-fcc43b78d818 | |
| Appears in Collections |