|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/46522
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Feld, Lars P. | | en_US |
| dc.contributor.author | | Heckemeyer, Jost Henrich | | en_US |
| dc.contributor.author | | Overesch, Michael | | en_US |
| dc.date.accessioned | | 2011-05-25 | | en_US |
| dc.date.accessioned | | 2011-06-29T11:20:40Z | | - |
| dc.date.available | | 2011-06-29T11:20:40Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/46522 | | - |
| dc.description.abstract | | This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 46 previous studies, we find that this impact is substantial. In particular, the tax rate proxy determines the outcome of primary analyses. Measures like the simulated marginal tax rate (Graham (1996a)) avoid a downward bias in estimates for the debt response to tax. Moreover, debt characteristics, econometric specifications, and the set of control-variables affect tax effects. Accounting for misspecification biases by means of meta-regressions, we predict a marginal tax effect on the debt ratio of 0.3. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper: Public Finance 3400 | | en_US |
| dc.subject.jel | | G30 | | en_US |
| dc.subject.jel | | H32 | | en_US |
| dc.subject.jel | | F23 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | capital structure | | en_US |
| dc.subject.keyword | | corporate income tax | | en_US |
| dc.subject.keyword | | meta-analysis | | en_US |
| dc.subject.stw | | Körperschaftsteuer | | en_US |
| dc.subject.stw | | Steuerwirkung | | en_US |
| dc.subject.stw | | Kapitalstruktur | | en_US |
| dc.subject.stw | | Fremdkapital | | en_US |
| dc.subject.stw | | Meta-Analyse | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | Capital structure choice and company taxation: A meta-study | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 660161966 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|