Using mathematical optimization model to discuss different dividends tax rate and financing capacity

作者：Wu Yi; Tian Cunzhi^*

来源：Information Technology Journal, 2013, 12(14): 2868-2872.

DOI：10.3923/itj.2013.2868.2872

• Asymmetric information
• Financing capacity
• Mathematical optimization model
• Mathematical optimizations
• Risk management framework
• Tax rates

Through mathematical optimization model, this study discusses the impact of different dividends tax rate on the firm's financing capacity. Using the liquidity and risk management framework under asymmetric information, the theoretical analysis shows that tax reduces the financing capacity of the firm and profit of the entrepreneur. However, different tax rate on dividends will improve the financing ability of entrepreneurs and then increase their utility.

• 出版日期2013