Taxes, Inflation and Corporate Financial Policy
研究通胀如何扭曲个人和公司所得税，并分析这种扭曲对企业分红、财务结构政策以及股东一致性的影响。
This paper examines inflation-induced distortions in personal and corporate income taxes and discusses the implications for corporate dividend and financial structure policies and for shareholder unanimity. The tax effects relating to capital gains and debt interest cause changes in aggregate corporate borrowing and lead to equilibrium tax relationships which differ from the zero-inflation tax relationships.