dc.contributor.author
Kruschwitz, Lutz
dc.contributor.author
Löffler, Andreas
dc.date.accessioned
2018-06-08T10:57:05Z
dc.date.available
2017-01-19T09:36:50.810Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/21383
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-24677
dc.description.abstract
The traditional literature on the CAPM assumes that investor’s tax payments
simply vanish from the model. This assumption is not at all consistent with
the actual behavior of the Treasury. The theory of general equilibrium states
that an interest rate rf = 0 will not affect prices if taxes are introduced.
We show that this result can be extended to the CAPM if the tax payments are
redistributed among investors.
en
dc.format.extent
9 Seiten
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::332 Finanzwirtschaft
dc.title
Do Taxes matter in the CAPM?
dc.type
Wissenschaftlicher Artikel
dcterms.bibliographicCitation
Business Research 2 (2009), S.171-178
dcterms.bibliographicCitation.doi
10.1007/BF03342709
dcterms.bibliographicCitation.url
http://www.wiwiss.fu-berlin.de/fachbereich/bwl/pruefungs-steuerlehre/loeffler/forschung/KruschwitzLoeffler_2009_-_BuR_-_Taxing_CAPM.pdf
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.mycore.fudocsId
FUDOCS_document_000000026165
refubium.resourceType.isindependentpub
no
refubium.mycore.derivateId
FUDOCS_derivate_000000007544
dcterms.accessRights.openaire
open access
dcterms.isPartOf.issn
2198-2627
