Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26374
Full metadata record
DC FieldValueLanguage
dc.contributor.authorPanteghini, Paolo M.en_US
dc.date.accessioned2008-06-23en_US
dc.date.accessioned2009-07-28T08:31:06Z-
dc.date.available2009-07-28T08:31:06Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26374-
dc.description.abstractIn this article we use contingent-claim analysis to calculate the effective tax rate (ETR) under corporate debt finance. In particular, we deal with both pure debt and two of the most well-known hybrid securities, i.e., convertible, and reverse convertible bonds. We show that: 1) effective taxation crucially depends on the characteristics of debt, and 2) existing measures of ETR can be dramatically biased, since they do not account for debt maturity, default risk or the ability to convert debt into equity.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x2329en_US
dc.subject.jelH2en_US
dc.subject.ddc330en_US
dc.subject.keywordCapital structureen_US
dc.subject.keywordcontingent claimsen_US
dc.subject.keywordcorporate taxationen_US
dc.subject.keywordhybrid securitiesen_US
dc.subject.stwFremdkapitalen_US
dc.subject.stwWandelanleiheen_US
dc.subject.stwKapitalstrukturen_US
dc.subject.stwUnternehmensbesteuerungen_US
dc.subject.stwSteuerbelastungen_US
dc.subject.stwSteuerinzidenzen_US
dc.subject.stwOptionspreistheorieen_US
dc.subject.stwTheorieen_US
dc.titleCorporate debt, hybrid securities and the effective tax rateen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn57016396Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

Files in This Item:
File
Size
390.54 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.