This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital … multinationals, we find that thin capitalization rules affect multinational firm capital structure in a significant way. Specifically … capitalization rules, which thus far have been understudied, have a substantial effect on the capital structure within multinational …

Existing theories of a firm’s optimal capital structure seem to fail in explaining why many healthy and profitable … theory are in line with a number of empirical results, which seem to stay in contrast to existing theories on capital …

The frequency with which firms adjust output prices helps explain persistent differences in capital structure across …-price firms, controlling for known determinants of capital structure. Sticky-price firms increased leverage more than exible …

tax jurisdiction. This paper discusses the link between capital structure choices and tax planning motives in …; (iii) parental debt and external debt are substitutes and the mix depends on the relative cost of raising capital through …