Do Taxes Affect Corporate Financing Decisions?
نویسندگان
چکیده
منابع مشابه
Do Personal Taxes affect Corporate Financing Decisions?
The traditional view is that interest deductibility encourages firms to use debt financing; however, some argue that the personal tax disadvantage to interest offsets the corporate tax advantage. This paper investigates the degree to which personal taxes affect corporate financing decisions. In crosssectional regressions that control for personal taxes, debt usage is positively correlated with ...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 1990
ISSN: 0022-1082
DOI: 10.1111/j.1540-6261.1990.tb03724.x