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This paper analyzes the role of Thin-Capitalization rules for capital structure choice and investment decisions of multinationals. A theoretical analysis shows that the imposition of such rules tends to affect not only the leverage and the level of investment but also their tax-sensitivity. An...
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exploiting the regression-discontinuity design of the military draft in Germany during the 1950s. Unbiased estimates of military … dem wir das regressions- discontinuity Design der Wehrpflicht in Deutschland während der 1950er untersuchen. Unverzerrte …
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