Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26476
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dc.contributor.authorWeichenrieder, Alfons J.en_US
dc.contributor.authorKlautke, Tinaen_US
dc.date.accessioned2008-11-11en_US
dc.date.accessioned2009-07-28T08:32:20Z-
dc.date.available2009-07-28T08:32:20Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26476-
dc.description.abstractTax neutrality towards alternative financing instruments for corporate investment is a ubiquitous demand in the political debate. At the same time, the literature is surprisingly silent about the magnitude of possible efficiency costs of a departure from tax neutrality. Against this background, the present paper discusses the theory of capital structure and provides backof-the-envelope calculations of the possible efficiency cost of a tax distortion of the debtequity decision.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x2431en_US
dc.subject.jelH25en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keywordDebt-equity choiceen_US
dc.subject.keywordcapital structureen_US
dc.subject.keywordexcess burden of taxationen_US
dc.subject.stwSteuerbelastungen_US
dc.subject.stwExcess Burdenen_US
dc.subject.stwKapitalstrukturen_US
dc.subject.stwWirtschaftliche Effizienzen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleTaxes and the efficiency costs of capital distortionsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn584694652en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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