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- Title
INFLATION AND COMMON STOCK VALUES: COMMENT.
- Authors
MOTLEY, BRIAN
- Abstract
This article presents a comment on the paper "Inflation and Common Stock Values," by Donald Nichols. In that paper Nichols explores the impact that inflation has on the real value of tax claims on corporate profits and claims that inflation effectively results in falling equity values. The author extends this work by examining an inflationary environment that is continuous. The author shows how the economy reacts under these conditions and notes that the impact described in Nichols work is magnified.
- Subjects
UNITED States; PRICE inflation; VALUATION of corporations; PRICE inflation &; taxation; TAXATION of corporate profits; PRICE increases
- Publication
Journal of Finance (Wiley-Blackwell), 1969, Vol 24, Issue 3, p530
- ISSN
0022-1082
- Publication type
Article
- DOI
10.1111/j.1540-6261.1969.tb00371.x