its gradual implementation, the ACE relief is estimated to reduce significantly leverage. By decreasing default risk it is …

and its gradual implementation, the ACE relief is estimated to reduce significantly leverage. By decreasing default risk …

, generous tax depreciation allowances lead to a decrease in a firm's leverage and, in most cases, cause a reduction in default …

, generous tax depreciation allowances lead to a decrease in a firm’s leverage and, in most cases, cause a reduction in default …

leverage and profitability, iii) the existence of asymmetric information in credit markets, iv) the screening activity of …

particular, our results show that the optimal dividend is smooth over time and that leverage is predominantly constant over time …

show that: an increase in risk sharply reduces leverage and slightly decreases a MNC's value; the cost of TP leads to a … sharp reduction in the MNC's value, whereas it does not affect leverage; the impact on MNC's decisions is increasing in the … tax rate differential; finally, the cost of DS has always a relevant impact on both MNC’s value and leverage. …