The Tax Elasticity of Corporate Debt is popular PDF and ePub book, written by Ruud A. de Mooij in 2011-04-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Tax Elasticity of Corporate Debt can be Read Online from any device for your convenience.
The Tax Elasticity of Corporate Debt Book PDF Summary
Although the empirical literature has long struggled to identify the impact of taxes on corporate financial structure, a recent boom in studies offers ample support for the debt bias of taxation. Yet, studies differ considerably in effect size and reveal an equally large variety in methodologies and specifications. This paper sheds light on this variation and assesses the systematic impact on the size of the effects. We find that, typically, a one percentage point higher tax rate increases the debt-asset ratio by between 0.17 and 0.28. Responses are increasing over time, which suggests that debt bias distortions have become more important.
Detail Book of The Tax Elasticity of Corporate Debt PDF
- Author : Ruud A. de Mooij
- Release : 01 April 2011
- Publisher : International Monetary Fund
- ISBN : 9781455253340
- Genre : Business & Economics
- Total Page : 29 pages
- Language : English
- PDF File Size : 13,9 Mb
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