Clemente-Almendros, José A.; Sogorb-Mira, Francisco - In: SERIEs - Journal of the Spanish Economic Association 7 (2016) 3, pp. 359-391
This study explores the role of taxes in explaining companies' financing decisions. We test whether the corporate tax shields explanation of capital structure is applicable to firms listed on the Spanish stock exchange over the period 2007-2013. Taxes are found to be economically and...