CHENG, YUE; GREEN, CHRISTOPHER J. - In: Manchester School 76 (2008) S1, pp. 85-115
We analyse the impact of tax policy on firms' leverage ratios in a balanced panel of 129 medium-sized listed European companies from 1993 to 2005. A general model of company leverage is applied within which King's tax ratios are used to capture tax policy changes, controlling for non-tax...