(INE) has an influence on tax neutrality, i.e., if it helps reducing debt financing advantage over equity. The paper also …, comparing three sources of finance (debt, retained earnings and new equity) and three types of assets: machinery, buildings and … inventories. Our simulations show that INE reduces the cost of capital for new equity by 40% but it cannot offset the debt …

We examine the relation between corporate cash holdings and tax net operating loss carryforwards (NOLs). Prior … cash in tax loss firms because NOLs shield the returns from tax. The paper adds to the literature studying corporate …

when investment is debt-financed. In such a case a firm pays the creditor not only the sum of annual interest (initial … the investment is debt-financed, the interest payment additionally reduces the corporate tax base. The research findings … optimum debt maturity tends to correlate positively with the corporate tax rate but negatively with the interest rate. In the …

when investment is debt-financed. In such a case a firm pays the creditor not only the sum of annual interest (initial … the investment is debt-financed, the interest payment additionally reduces the corporate tax base. The research findings … optimum debt maturity tends to correlate positively with the corporate tax rate but negatively with the interest rate. In the …