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This working paper presents an analysis of how the value of real options is impacted by corporate income taxes and the debt capacity of options. It discusses the adjusted present value (APV) methodology, implications for capital structure theories, and provides new insights into the financial dynamics of growth options versus assets in place.
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NBER Working Paper 18148 is a research paper published by the National Bureau of Economic Research that explores specific economic topics and presents findings relevant to policymakers, researchers, and the public.
Typically, authors or researchers who have conducted studies related to the content of NBER Working Paper 18148 are required to file it to share their findings with the academic and professional community.
To fill out NBER Working Paper 18148, authors must follow the guidelines provided by the NBER, including formatting, citation styles, and the submission process outlined on the NBER website.
The purpose of NBER Working Paper 18148 is to disseminate preliminary research findings and insights on economic issues, fostering discussion and further investigation within the academic community.
NBER Working Paper 18148 must report on research objectives, methodology, findings, and conclusions, along with relevant data and references to existing literature.
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