Blar i Discussion papers (FOR) på forfatter "Cooper, Ian A."

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    • Tax-adjusted discount rates with investor taxes and risky debt 

      Cooper, Ian A.; Nyborg, Kjell G. (Discussion paper, Working paper, 2005-10)
      This paper derives tax-adjusted discount rate formulas with Miles-Ezzell leverage policy, investor taxes, and risky debt in the context of a standard tax system. This expands on other formulas that are commonly used and ...

    • The value of tax shields IS equal to the present value of tax shields 

      Cooper, Ian A.; Nyborg, Kjell G. (Discussion paper, Working paper, 2005-07)
      Fernandez (2004b) argues that the present value effect of the tax saving on debt cannot be calculated as simply the present value of the tax shields associated with interest. This contradicts standard results in the ...

    • Valuing the Debt Tax Shield 

      Cooper, Ian A.; Nyborg, Kjell G. (Discussion paper, Working paper, 2007)
      The tax shield from debt represents a significant proportion of total value for many companies, projects, and transactions. Accurate valuation of the debt tax shield is of more importance than ever as leverage is now ...