This paper investigates the extent to which loss-offset constraints affect corporate tax incentives. Using data … sector had tax loss carryforwards. When weighted by their market value, however, these firms account for less than three … percent of this sector, suggesting that loss carryforwards are concentrated among small firms and affect relatively few large …

passive choice, and other 401(k) plan features. Depending on which theory and welfare perspective one adopts, virtually any …

Standard economic theory says that unsecured, high-interest, short-term debt -- such as borrowing via credit cards and …