Article contents
Corporate Taxes, Inflation, the Rate of Interest, and the Return to Equity
Published online by Cambridge University Press: 06 April 2009
Extract
The recent world-wide increase in consumer prices has created an intense interest in inflation on the part of both the academic and the financial communities. For example, in his American Financial Association presidential address, Professor Lintner [4, p. 259] states “few matters are of more serious concern to students of finance and to members of the financial community than the impacts of inflation on our financial institutions and markets and its implication for investment policy.”
- Type
- Research Article
- Information
- Copyright
- Copyright © School of Business Administration, University of Washington 1978
References
REFERENCES
[3]Fisher, Lawrence, and Lorie, James. “Rates of Return on Investments in Common Stock: The Year by Year Record, 1926–65.” Journal of Business (07 1968), pp. 291–316.CrossRefGoogle Scholar
[4]Lintner, John. “Inflation and Security Returns.” Journal of Finance (05 1975), pp. 259–280.Google Scholar
[6]Modigliani, Franco, and Miller, Merton. ‘The Cost of Capital, Corporation Finance and the Theory of Investment.’ American Economic Review (06 1958), pp. 261–297.Google Scholar
[7]Mundell, R. “Inflation and Interest Rates.” Journal of Political Economy (06 1963), pp. 280–83.CrossRefGoogle Scholar
[8]Roll, R. “Interest Rates on Monetary Assets and Commodity Price Index Changes.” Journal of Finance (05 1972), pp. 251–77.CrossRefGoogle Scholar
- 2
- Cited by