Lim, Youngdeok - In: Review of Quantitative Finance and Accounting 39 (2012) 3, pp. 333-360
This paper examines whether tax avoidance substitutes for the use of debt, as well as investigating the impact of the tax-exhaustion effect and the cost of debt in this relationship. Applying a modified version of the tax-avoidance measure in Desai and Dharmapala (Rev Econ Stat 91:537–546, <CitationRef...</citationref>
