The Impact of Federal Taxes on the Use of Debt by Closely Held Corporations

Asserts that the income tax encourages the use of debt because of the deductibility of interest expense. Examines this conjecture by analyzing the interest incurred by a large sample if small, closely held corporations. Estimates regression of the level of interest on proxies for expected future tax rates, interactions between the tax rate proxies and nondebt tax shields and other determinants of debt utilization.

MoreLess

Year of publication:	1997
Authors:	Cloyd, C. Bryan ; Limberg, Stephen T. ; Robinson, John R.
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 50.1997, 2, p. 261-77
Publisher:	National Tax Association - NTA

freely available

Full text |

More access options

www.ntanet.org

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010788494