Cost of Capital when Dividends are Deductible

When calculating Tax Savings, TS we are confronted with a strange mix of accounting accrual and market value when involving TS in the calculation of the Weighted Average Cost of Capital, WACC or the Cost of Equity, Ke. Firms earn the right to TS once they accrue the interest expense and they actuall...

Full description

Autores:
Velez Pareja, Ignacio
Benavides Franco, Julián
Tipo de recurso:
Article of investigation
Fecha de publicación:
2011
Institución:
Universidad ICESI
Repositorio:
Repositorio ICESI
Idioma:
spa
OAI Identifier:
oai:repository.icesi.edu.co:10906/79801
Acceso en línea:
http://www.redalyc.org/articulo.oa?id=305824884001
http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/3037/2271
http://hdl.handle.net/10906/79801
Palabra clave:
Economía
Negocios y management
Economics
Business
Costo de Capital
Ahorros
Patrimonio
Impuestos
Empresa
Financiación
Rights
openAccess
License
https://creativecommons.org/licenses/by-nc-nd/4.0/