Essay after this
Assignment: Statistics
Thesis Abstract
Pangan, Emmanuel S.
MT1311
Submitted to:
Sir Ferdinand Villamento
1. THE TAX REFORM ACT OF 1986 AND FINANCIAL LEVERAGE
REVISITING THE MODIGLIANI-MILLER THEOREM
Courtney A. Hopley
February, 2003
Economics Major
Despite the reality that the Tax Reform Act of 1986 was the greatest part sweeping tax reform effort in new US history, critics are concerned that the act could be favored with worsened the distortion of corporate financing decisions through failing to address the unequal treatment of debt and equity finance. Two conflicting theories, the orally transmitted theory of corporate finance and the Modigliani-Miller Theorem, esteem different predictions about the impact of this insufficient treatment on debt utilization. The traditionary theory states that the cost differential between debt and equity finance wish be significant, whereas, the Modigliani-Miller Theorem states that the require to be paid differential will be so small that it leave not have an appreciable effect adhering capital structure decisions. This study supports the Modigliani-Miller bickering, as the TRA 86 did not turn up to have a significant effect without interrupti~ debt utilization in the aggregate. Moreover, it indicates that chief city structure decisions are firm specific. Public shrewdness and market forces influence each hard in a different way.
2. AN ECONOMIC ANALYSIS OF THE FOOD STAMP PROGRAM AFTER WELFARE REFORM
Erik Speicher
February, 2003
Economics
Abstract
This composition explores the effects the changes from welfare reform have had on the Food Stamp Program. The theory states will the passing of the Personal Responsibility and Work Opportunity Reconciliation Act produce a negative impact on the meat stamp participation rates. The Food Stamp Program effectively provides shabby-income households with means to nourishment. Through the use of a regression the hypothesis is tested using a sequence of economic and welfare reform vindicative variables. If the...
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