negatively with aggregate financial sector ROE, which is puzzling, as ROE is commonly used as a measure of the cost of capital in …

This book provides a comprehensive overview of the implications of tax avoidance for a firm’s capital structure … empirical evidence concerning the role of taxes in the Theory of Capital Structure. It reviews the studies investigating the … relationship between agency conflicts and capital structure. The book explores the role of free cash flow and agency conflicts in …

development tool for many local governments. Often local job creation policies focus on increasing capital through grants, low …-interest financing, and other economic development incentives. Theory predicts that capital subsidies induce firm behaviors that limit …-year county panels to test theoretical predictions on county capital expenditure and input mixes as well as industry establishment …