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Scholes, Myron S.

Overview
Works: 62 works in 153 publications in 4 languages and 1,368 library holdings
Genres: Bibliography  Conference proceedings 
Roles: Creator, Editor
Classifications: KF6450, 332.042
Publication Timeline
Key
Publications about Myron S Scholes
Publications by Myron S Scholes
Most widely held works by Myron S Scholes
Taxes and business strategy : a planning approach by Myron S Scholes( Book )
26 editions published between 1991 and 2013 in English and held by 655 libraries worldwide
Firms' responses to anticipated reductions in tax rates : the Tax Reform Act of 1986 by Myron S Scholes( Book )
10 editions published between 1991 and 1992 in English and held by 61 libraries worldwide
The 1986 Tax Act in the U.S. gradually reduced corporate tax rates from 46 percent prior to the Act to 34 percent by the middle of 1988. This reduction gave firms an incentive, in 1986 and 1987, to shift taxable income to future years when tax rates would be lower. There are substantial impediments, however, to shifting taxable income across periods (notably, offsetting tax consequences to other contracting parties and a host of nontax costs), and it becomes an empirical question as to whether the benefits of shifting taxable income are sufficient to overcome the impediments. This paper examines whether firms deferred income recognition and/or accelerated expense recognition in anticipation of these declining tax rates. We find statistically significant evidence that firms shifted gross margin from the quarter immediately preceding and anticipated decrease in tax rates to the next quarter. We estimate that, on average, the 812 firms in our sample saved approximately five hundred thousand dollars in taxes by deferring sales. At a gross margin rate of one-third, this amounts to nearly twenty billion dollars of shifted sales for our sample firms
Fiscalité et stratégie d'entreprise : une approche globale by Myron S Scholes( Book )
1 edition published in 1996 in French and held by 52 libraries worldwide
The effects of changes in tax laws on corporate reorganizaton activity by Myron S Scholes( Book )
5 editions published in 1989 in English and held by 47 libraries worldwide
Abstract: transactions among US corporations, it increased the demand for merger and acquisition
The derivatives sourcebook ( Book )
5 editions published in 2006 in English and held by 46 libraries worldwide
The Derivatives Sourcebook is a citation study and classification system that organizes the many strands of the derivatives literature and assigns each citation to a category. Over 1800 research articles are collected and organized into a simple web-based searchable database. We have also included the 1997 Nobel lectures of Robert Merton and Myron Scholes as a backdrop to this literature
Employee stock ownership plans and corporate restructuring : myths and realities by Myron S Scholes( Book )
5 editions published in 1989 in English and held by 46 libraries worldwide
Abstract: that, particularly for large firms, where the greatest growth in ESOPs has
Converting corporations to partnerships through leverage : theoretical and practical impediments by Myron S Scholes( Book )
5 editions published in 1989 in English and held by 44 libraries worldwide
Abstract: corporate-level tax on income in the U.S. Although we show that debt is
Decentralized investment banking : the case of discount dividend-reinvestment and stock-purchasing plans by Myron S Scholes( Book )
2 editions published in 1989 in English and held by 28 libraries worldwide
Economic Implications of ERISA by Jeremy I Bulow( Computer File )
4 editions published in 1982 in English and held by 28 libraries worldwide
If the intent of the Employee Retirement Income Security Act, ERISA, was to assure that beneficiaries of insolvent pension plans receive adequate pension benefits, sharp increases in nominal rates of interest have blunted that purpose. Without an increase in these rates, the Pension Benefit Guarantee Corporation, PBGC, the insurance agency established to guarantee benefits, faced large liabilities on the terminations of pension plans. We examine the economics of pension funds and the funding of pension funds before and after the enactment of ERISA. The Act changed the economics of pension funds. The PBGC, the employer, and the employees have interests in the assets of the pension plan. The PBGC can tax corporations to pay off liabilities and to fund guaranteed benefits; employers can terminate pension plans or overfund them; employees can ask for more benefits or claim the assets in the fund. Although the PBGC insures benefits, the insurance agent forbears, not acting quickly to protect its own interests. To prevent potential huge increases in its liabilities, the PBGC could require that employers hedge the guaranteed benefits, and fund their increases in promised benefits. Given its policies, these requirements could protect the PBGC
Who Owns the Assets in a Defined Benefit Pension Plan by Jeremy I Bulow( file )
4 editions published in 1982 in English and held by 26 libraries worldwide
The liability to employees in a defined benefit pension plan is the present value of vested benefits, the present value of the benefits that employees would receive on the immediate termination of the pension plan. This is the literal and simple definition of the liability. Although it leads to an understanding of the economics of the promise of a pension, several common provisions of pension plans make it necessary to expand the definition. Anomalies such as vesting, early retirement benefits, lump sum provisions, and ad hoc increases in benefits for retired employees indicate that employees accrue benefits that exceed their benefits on a termination of the plan. These anomalies, however, can be explained by requiring that employees as a group possess specific human capital. Although losing one or a few employees from the group would be a small loss, losing the group of employees would be a great loss. In this group model, employees bargain with the stockholders over the compensation of the entire group; they allocate . their compensation according to marginal product, returns from previous equity investments in the human capital of the group, and to purchases and sales of claims on this capital. The model explains the anomalies as a natural outgrowth of the transactions of members within the group. In addition, the model explains the use of defined benefit pension plans, and how employees could have claims, in excess of vested benefits, on the assets in the pension plan
Decentralized investment banking : the case of discount dividend-reinvestment and stock-purchase plans by Myron S Scholes( Book )
3 editions published in 1989 in English and held by 16 libraries worldwide
Discount dividend-reinvestment and stock-purchase plans allow shareholders to capture part of the underwriting fees incurred in new stock offerings and save sponsoring firms some of the usual underwriting costs. We tested the degree to which individual investors can profitably serve this investment banking function by implementing simple investment/trading strategies designed to capture the discounts and distribute the shares in the market. The large profits earned by our strategies raise serious questions about why it takes firms so long to raise the target level of capital and why many eligible shareholders do not participate in these discount plans
A test of the competitive market hypothesis the market for new issues and secondary offerings by Myron S Scholes( Book )
7 editions published in 1970 in English and held by 13 libraries worldwide
Taxation and the dynamics of corporate control : the uncertain case for tax motivated acquisitions by Ronald J Gilson( Book )
4 editions published between 1985 and 1986 in English and held by 9 libraries worldwide
Taxation and the dynamics of corporate control : the uncertain case for the tax motivated acquisitions by Ronald J Gilson( Book )
1 edition published in 1986 in English and held by 8 libraries worldwide
The pricing of options and corporate liabilities by Fischer Black( Article )
6 editions published between 1973 and 1999 in English and Undetermined and held by 7 libraries worldwide
A conference in honor of Merton H. Miller's contributions to Finance and Economics : proceedings of a conference held June 8-10, 1988 by Conference in Honor of Merton H. Miller's Contributions to Finance and Economics( Book )
1 edition published in 1990 in English and held by 7 libraries worldwide
Regulating Wall Street : the Dodd-Frank Act and the new architecture of global finance by Viral V Acharya( Computer File )
4 editions published between 2010 and 2013 in English and held by 6 libraries worldwide
Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economyThe NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school's top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financi
Hedging, risk-shifting and the welfare content of the new futures and options markets by Myron S Scholes( Book )
1 edition published in 1985 in English and held by 5 libraries worldwide
Nobel laureates in economics address "The future of capitalism" ( visu )
1 edition published in 2007 in English and held by 5 libraries worldwide
Panel presentation from the Milkin Institute Global Conference, filmed in Los Angeles, CA, on April 23, 2007
Shui shou yu qi ye zhan lüe chou hua fang fa ( Computer File )
3 editions published between 2003 and 2004 in Chinese and held by 4 libraries worldwide
 
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Alternative Names
Scholes, Myron, 1941-
Scholes, Myron Samuel 1941-
ショールズ, マイロン
斯科尔斯.迈伦
Languages
English (105)
Chinese (3)
Swedish (1)
French (1)
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