tax benefit of debt (net and gross of investor taxes) and the debt ratio. A 10% increase in the net (gross) marginal tax … also be identified in a partial adjustment model. -- Debt ; capital structure ; marginal tax rate ; corporate taxes … simulate marginal tax rates, we find a statistically and economically significant positive relationship between the marginal …

minimum risk-based capital requirements and the introduction of the leverage ratio. The announcement of stricter risk …, whilst in terms of collateralization the impact on large companies was bigger. The announcement of the leverage ratio had …