Search: id:"swepub:oai:slubar.slu.se:126200" >
Dividend or reinves...
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Holm, SörenSwedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för skoglig resurshushållning,Department of Forest Resource Management
(author)
Dividend or reinvestment when taxes are considered?
Publisher, publication year, extent ...
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2010
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Enheten för skoglig fältforskning, Sveriges lantbruksuniversitet,2024
Numbers
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LIBRIS-ID:oai:slubar.slu.se:126200
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ISBN:9789197789653
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https://res.slu.se/id/publ/126200URI
Supplementary language notes
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Language:English
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Summary in:English
Part of subdatabase
Classification
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Subject category:vet swepub-contenttype
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Subject category:rap swepub-publicationtype
Series
Notes
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The article analyzes theoretically how a firm maximizes the value of shareholder’s wealth with its policy for dividend/reinvestment of the profit from operations, when taxes are considered. In the study, the net present value, i.e. the present value after deduction for taxes, is used as objective function. Four different taxes are considered. The analysis shows the terms on which it is profitable to receive dividend payout or to reinvest at an arbitrary time. Under the assumption of a unique maximum net present value, the terms at the time for the maximum net present value are also presented. The article can be applied in forest economy.
Subject headings and genre
Added entries (persons, corporate bodies, meetings, titles ...)
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Jonsson, BengtSwedish University of Agricultural Sciences,Sveriges lantbruksuniversitet,Institutionen för skoglig resurshushållning,Department of Forest Resource Management(Swepub:slu)93164
(author)
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Sveriges lantbruksuniversitetInstitutionen för skoglig resurshushållning
(creator_code:org_t)
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Sveriges lantbruksuniversitet
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