Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/79817 
Authors: 
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Taxation I No. A06-V1
Publisher: 
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel und Hamburg
Abstract: 
I analyze the e ffects of profi t taxation on the fi nancing decision of corporate acquisitions. The deductibility of interest expenses from the corporate tax base creates an incentive for acquiring companies to fi nance a takeover with debt. Regarding the particular decision how to finance the considered deals results are not robust but looking at the whole capital structure development of acquirers I fi nd that an increase of the statutory tax rate by one %-point is associated with an increase of the debt ratio by 0.57 %-points during the acquisition period.
JEL: 
G34
H25
H32
Document Type: 
Conference Paper

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