"Empire-building", underinvestment and capital gain taxation

Miglo, Anton (2010) "Empire-building", underinvestment and capital gain taxation. Journal of Current Issues in Finance, Business and Economics, 2 (3). pp. 375-381. ISSN 1935-3553

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Abstract

This note provides an explanation for why tax rates on capital
gains are usually lower than ordinary income tax rates based on manager�s agency problem related to "empire-building" and the underinvestment problem.

Item Type: Article
Dates:
DateEvent
15 January 2010Accepted
2010Published
Subjects: CAH15 - social sciences > CAH15-02 - economics > CAH15-02-01 - economics
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-02 - business studies
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-04 - management studies
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Department of Accounting, Finance and Economics
Depositing User: Anton Miglo
Date Deposited: 21 Aug 2018 08:00
Last Modified: 12 Jan 2022 14:13
URI: https://www.open-access.bcu.ac.uk/id/eprint/6248

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