This book aims to include the effects of a progressive personal tax into the deterministic dynamic theory of the firm to this end the author investigates the impact of a progressive personal tax on the optimal dividend financing and investment policy of a shareholder controlled value maximising firm. Buy dynamic firm and investor behaviour under progressive personal taxation lecture notes in economics and mathematical systems softcover reprint of the original 1st ed 1988 by van schijndel geert jan c th isbn 9783540192305 from amazons book store everyday low prices and free delivery on eligible orders. Dynamic firm and investor behaviour under progressive personal taxation geert jan c th van schijndel dynamic firm and investor behaviour under progressive personal taxation berlin new york springer verlag c1988 lecture notes in economics and mathematical systems 305 responsibility. Van schijndel g jct 1987 dynamic firm and investor behaviour under progressive personal taxation doctor of philosophy tilburg university sl dynamic firm and investor behaviour under progressive personal taxation van schijndel geert jan cth. Introduction taxes are among the most palpable and pervasive distortions that corporations and investors face in practice since the modigliani miller 1958 irrelevancy theorem financial economists have purported a number of tax based theories to explain the observed patterns in corporate investment and financing behavior while there exists a rich literature that examines the effects of