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The start-up decision under default risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This study introduces a real option model to investigate how fiscal policy affects a representative firm's investment … decision and to measure its welfare effects. On the one hand, the effects of financial instability on the optimal investment … investment project, the tax revenue generated and the welfare are influenced by financial instability. Then, a comparison of …
Persistent link: https://www.econbiz.de/10012654165
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A welfare analysis on start-up decisions under default risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This short article studies the tax effects on a start-up investment decision under uncertainty. Since the …
Persistent link: https://www.econbiz.de/10012698792
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On the Main Determinants of Start-Up Investment in Developing Countries
Comincioli, Nicola; Panteghini, Paolo M.; Vergalli, Sergio - 2024
-up investment decisions. We find that, although tax rates are usually higher than the developed countries' ones, taxation has an …
Persistent link: https://www.econbiz.de/10014534347
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The start-up decision under default risk
Comincioli, Nicola; Panteghini, Paolo M.; Vergalli, Sergio - 2021
This study introduces a real option model to investigate how fiscal policy affects a representative firm's investment … decision and to measure its welfare effects. On the one hand, the effects of financial instability on the optimal investment … investment project, the tax revenue generated and the welfare are influenced by financial instability. Then, a comparison of …
Persistent link: https://www.econbiz.de/10012665610
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A Welfare Analysis on Start-Up Decisions under Default Risk
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2021
This short article studies the tax effects on a start-up investment decision under uncertainty. Since the …
Persistent link: https://www.econbiz.de/10012799778
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Business tax policy under default risk
Comincioli, Nicola; Vergalli, Sergio; Panteghini, Paolo - 2019
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012024508
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Business tax policy under default risk
Comincioli, Nicola; Vergalli, Sergio; Panteghini, Paolo - 2019
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012006573
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Debt and transfer pricing: implications on business tax policy
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2020
In this article we introduce model to describe the behavior of a multinational company (MNC) that operates transfer pricing and debt shifting, with the purpose of incrementing its value, intended as the sum of equity and debt. We compute, in a stochastic environment and under default risk, the...
Persistent link: https://www.econbiz.de/10012306718
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Business Tax Policy Under Default Risk
Comincioli, Nicola - 2019
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012866382
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Business Tax Policy under Default Risk
Comincioli, Nicola - 2019
In this article we use a stochastic model with one representative firm to study business tax policy under default risk. We will show that, for a given tax rate, the government has an incentive to reduce (increase) financial instability and default costs if its objective function is welfare (tax...
Persistent link: https://www.econbiz.de/10012866918