structure, which suggests that lower taxes decrease the incentive to hold debt due to decreasing interest tax deductibility …"The authors examine the effects of taxation on financing policy using the corporate tax reform in 2001 in Croatia as a … natural experiment. Since the extant literature on tax effects on capital structure studies listed firms in developed …

"Zervos documents the precise costs of debt and equity issuance, both domestically and internationally, for firms in … issuing debt locally or abroad, whereas domestic equity issuance is nearly twice as expensive as debt. While the Chilean … domestic corporate debt market is well developed by emerging market standards (size of the market and maturity of issues …

infrastructure operators and 23 transport services operators distributed over 23 countries. The authors show that leverage rates vary … evidence they present shows that debt is replacing equity in financing the investment needs of utilities and transport services …

findings. First, a large and growing fraction of capital raisings, especially debt issuances, occurs in international markets … implications of financial globalization. Second, changes in firm performance following equity and debt issuances in international …