Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; … - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2011
We examine the capital structures of multinational companies. Multinational companies can exploit the tax advantage of debt more aggressively than national companies by shifting debt from affiliates in low-tax countries to affiliates in high-tax countries. Previous papers have omitted either...