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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/54979
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| DC Field | | Value | | Language |
| dc.contributor.author | | Feld, Lars P. | | en_US |
| dc.contributor.author | | Heckemeyer, Jost H. | | en_US |
| dc.contributor.author | | Overesch, Michael | | en_US |
| dc.date.accessioned | | 2012-01-26 | | en_US |
| dc.date.accessioned | | 2012-01-31T14:14:52Z | | - |
| dc.date.available | | 2012-01-31T14:14:52Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/54979 | | - |
| 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 | | Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim | | en_US |
| dc.relation.ispartofseries | | ZEW Discussion Papers 11-075 | | 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 | | 684258129 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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