Suzanne Farrar
Ashgate
Hardback
312
1999
The system of corporate taxation in the UK may have a significant impact on optimal investment and financing decisions in terms of maximising shareholder wealth. Although the firm which is aiming to maximise the wealth of its shareholders will wish to make optimal decisions about its investment financing and tax strategy its tax situation may be so complex that suboptimal decisions may be made because of the difficulty in considering the enormous number of potential alternatives. This study develops computerised optimisation models which can made investment and financing choices in the presence of complex tax situations including lease/purchase decisions and portfolio risk considerations. Operational use of the models is demonstrated and recommendations are made for the practical applicability of the models.
Ashgate
Hardback
312
1999
The system of corporate taxation in the UK may have a significant impact on optimal investment and financing decisions in terms of maximising shareholder wealth. Although the firm which is aiming to maximise the wealth of its shareholders will wish to make optimal decisions about its investment financing and tax strategy its tax situation may be so complex that suboptimal decisions may be made because of the difficulty in considering the enormous number of potential alternatives. This study develops computerised optimisation models which can made investment and financing choices in the presence of complex tax situations including lease/purchase decisions and portfolio risk considerations. Operational use of the models is demonstrated and recommendations are made for the practical applicability of the models.