全球智库信息集成服务系统(G2TT): Accelerated Depreciation, Default Risk and Investment Decisions

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Accelerated Depreciation, Default Risk and Investment Decisions
	Paolo M. Panteghini; Sergio Vergalli
发表日期	2016
出处	Economic Theory
出版年	2016
语种	英语
摘要	In this article we focus on a representative firm that can decide when to invest under default risk. On the one hand, this firm can benefit from generous tax depreciation allowances, on the other hand it faces a default risk. Our aim is to study the effects of tax depreciation allowances in a risky environment. As will be shown in our numerical analysis, generous tax depreciation allowances lead to a decrease in a firm’s leverage and, in most cases, cause a reduction in default risk. This result has a strong policy implication, in that it shows that an investment stimulus pack is expected neither to increase the default risk nor to cause financial instability. *** Suggested citation: Panteghini, P. M., S. Vergalli, (2016), 'Accelerated Depreciation, Default Risk and Investment Decisions', Nota di Lavoro 14.2016, Milan, Italy: Fondazione Eni Enrico Mattei
特色分类	H2
关键词	Capital Structure Contingent Claims Corporate Taxation and Hybrid Securities
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/accelerated-depreciation-default-risk-and-investment-decisions/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118470
推荐引用方式 GB/T 7714	Paolo M. Panteghini,Sergio Vergalli. Accelerated Depreciation, Default Risk and Investment Decisions. 2016.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
2016229114311Nota_di（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
2016229114474NDL2016（573KB）	智库出版物		限制开放	CC BY-NC-SA	浏览