Tax Policy and Entrepreneurship in the Presence of Asymmetric Information in Capital Markets

Research, Preprint OPEN
Clemens Fuest ; Bernd Huber ; Philipp Tillessen (2003)
  • Publisher: Center for Economic Studies and Ifo Institute (CESifo) Munich
  • Subject:
    • ddc: ddc:330

This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax policy. In many countries, governments subsidize the creation of new firms. One possible justification for these subsidies is that capital markets for th... View more
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