Gong, D.; Ligthart, J.E. - Tilburg University, Center for Economic Research - 2013
Abstract: Corporate income taxation, by affecting the after-tax cost of funding, has implications for a bank's incentive to securitize. Using a sample of OECD banks over the period 1999-2006, we fi nd that corporate income taxation led to more securitization at banks that are constrained in...
