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debt on leverage decisions of Indian firms. After including personal taxes, marginal taxes become insignificant. The study …The study investigates the role of personal taxes in corporate financing decisions and its impact on the corporate tax … advantage of debt in domestic manufacturing companies in India. Incremental financing decisions have been analyzed through …
Persistent link: https://www.econbiz.de/10010781944
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 …
Persistent link: https://www.econbiz.de/10005097439
funds, and their incentive to reduce their tax payments by debt financing is weaker. (5) The companies listed on the Ho Chi … companies in Vietnam face weak incentives to reduce their tax payments by debt financing because the effective corporate tax …-controlled companies are different from those of other companies; state-controlled companies have an advantage in tapping external debt …
Persistent link: https://www.econbiz.de/10009643957
This study investigates the factors determining the debt-ratios of listed companies on the Hanoi and Ho Chi Minh stock … results. (1) The debt-ratios of listed companies may be well explained by adjusted Modigliani and Miller theory combined with … for qualified and listed companies. (3) Government controlled companies have weak incentives to save corporate tax …
Persistent link: https://www.econbiz.de/10008548305
、アジア経済危機後に実施された経済改革によって、インドネシア上場企業の資金調達行動がフォーマルな制度に基盤を置くものになり、文化的・政治的な要素を裏づけとするインフォーマルな行動規範や仕組みの影響力が大幅に後退したことを示唆している。, This study investigates the factors determining the debt-ratios of Indonesian listed companies after the implementation of …
Persistent link: https://www.econbiz.de/10008496351
This study investigates the factors determining the debt-ratios of listed companies on the Hanoi and Ho Chi Minh stock … results. (1) The debt-ratios of listed companies may be well explained by adjusted Modigliani and Miller theory combined with … for qualified and listed companies. (3) Government controlled companies have weak incentives to save corporate tax …
Persistent link: https://www.econbiz.de/10008563381
This study investigates the factors determining the capital structure of Indonesian listed companies before and after the implementation of economic reform policies subsequent to the 1997-1998 Asian financial crisis. The estimation analysis of the panel data for the period 1994-1997 and...
Persistent link: https://www.econbiz.de/10008563385
This paper proposes a new regulatory approach that implements capital requirements contingent on managerial compensation. We argue that excessive risk taking in the financial sector originates from the shareholder moral hazard created by government guarantees rather than from corporate...
Persistent link: https://www.econbiz.de/10010955141
% debt finance with the firm operating ona 'not-for-profit' basis. …
Persistent link: https://www.econbiz.de/10005129624
We find evidence that banks target return on equity (RoE) and make active use of leverage to affect the speed of … with above median leverage among their peer group. As a result, RoE targeting could affect leverage dynamics and amplify … cyclical fluctuations as banks take on more leverage to achieve high returns when risk premia are low, while ‘rush for the exit …
Persistent link: https://www.econbiz.de/10011099333