Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26476 
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dc.contributor.authorWeichenrieder, Alfons J.en
dc.contributor.authorKlautke, Tinaen
dc.date.accessioned2008-11-11-
dc.date.accessioned2009-07-28T08:32:20Z-
dc.date.available2009-07-28T08:32:20Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2431en
dc.subject.jelH25en
dc.subject.jelG32en
dc.subject.ddc330en
dc.subject.keywordDebt-equity choiceen
dc.subject.keywordcapital structureen
dc.subject.keywordexcess burden of taxationen
dc.subject.stwSteuerbelastungen
dc.subject.stwExcess Burdenen
dc.subject.stwKapitalstrukturen
dc.subject.stwWirtschaftliche Effizienzen
dc.subject.stwWohlfahrtseffekten
dc.subject.stwTheorieen
dc.titleTaxes and the efficiency costs of capital distortions-
dc.typeWorking Paperen
dc.identifier.ppn584694652en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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