Sinha, Pankaj; Bansal, Vishakha - Volkswirtschaftliche Fakultät, … - 2013
marginal tax rate (MTR) and its variants to study the tax effects on leverage ratios of profitable Indian companies. The paper … analyses three different measures of leverage; debt to asset (DAR) ratio, incremental debt to total assets ratio (DINC) and … debt to capital employed (DAR1) ratio. For each measure of leverage ratio, different specifications based on four variants …