Ross, Stephen; Harding, John P.; Liang, Xiaozhong - Department of Economics, University of Connecticut - 2009
to this decision is both tax advantaged debt (a source of firm franchise value) and the ability of regulators to place …This paper studies the impact of capital requirements, deposit insurance and tax benefits on a bank's capital structure … structure of the large mortgage Government Sponsored Enterprises and the recent increase in risk taking through leverage by …