This paper investigates how bank characteristics (market share, principal shareholders, profitability, and size), and the gender of the company's board members, along with their supervisory abilities, influence the firm's performance, cost of debt, and leverage. We extracted relevant data from a...

In the absence of financial frictions, the purpose of thin capitalization rules is to limit multinational firms’ possibilities of engaging in tax planning via debt shifting. This paper analyzes the effects of thin capitalization rules in the case where firms have limited access to external...

Thin capitalization rules (TCRs) aim to mitigate profit shifting by multinational corporations (MNCs) but, by raising the cost of capital for affected affiliates, can also negatively affect real investment. Exploiting unique panel data on multinational companies in 34 countries during 2006-2014,...