This paper analyzes the relationship between corporate taxation, firm age and debt. We adapt a standard model of … faced with. Our model suggests that the debt ratio is positively associated with the corporate tax rate, and negatively with … firm age. Further, we predict that the tax-induced advantage of debt is more important for older than for younger firms. To …

such differential taxation on the debt ratio of firms. We exploit a 2009 tax reform in Germany as a quasi-experiment, which …

such differential taxation on the debt ratio of firms. We exploit a 2009 tax reform in Germany as a quasi-experiment, which …

-country variability, showing a stronger effect for less levered firms. In accordance with the theory of the debt tax shield, the relation … between debt and taxation is stronger for highly profitable firms. These findings are robust to the inclusion of different …

such differential taxation on the debt ratio of firms. We exploit a 2009 tax reform in Germany as a quasi-experiment, which …