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Personal tax view (of capital structure) |
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Personal tax view (of capital structure)The argument that the difference in personal tax rates between income from debt and income from equity eliminates the disadvantage of the double taxation (corporate and personal) of income from equity.Personal tax view (of capital structure) Similar MatchesPecking order view (of capital structure)Pecking order view (of capital structure)The argument that external financing transactions costs, especially those associated with the problem of adverse selection, create a dynamic environment in which firms have a preference, or pecking-order of preferred sources of financing, when all else is equal. Internally generated funds are the most preferred, followed by new debt, and debt-equity hybrids. Finally, new equity is at the least preferred source. Structured noteStructured noteA derivative investment that will change in value with movements of an underlying index; or a note whose issuer makes swap arrangements to alter its required cash flows. Pie model of capital structurePie model of capital structureA model of the debt-equity ratio of the firms, graphically depicted in slices of a pie that represent the value of the firm in the capital markets. Restructured loanRestructured loanA mortgage in which new terms are negotiated. Neighborhood production structureNeighborhood production structureA structure of technology for a general equilibrium model due to Jones and Kierzkowski (1986). With an arbitrary but equal number of goods and factors, each factor produces two (different) goods, each good uses two (different) factors, in a way that yields more unambiguous results than one normally finds in high-dimension trade models without specific factors. Further SuggestionsStructured settlementStructured portfolio strategy Market structure Structured debt Market microstructure Structured arbitrage transaction capital structure Infrastructure Term structure of interest rates |
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