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Corporate debt, hybrid securities, and the effective tax rate
Panteghini, Paolo - In: Journal of public economic theory 14 (2012) 1, pp. 161-186
Persistent link: https://www.econbiz.de/10009520631
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Corporate debt, hybrid securities and the effective tax rate
Panteghini, Paolo (contributor) - 2008
In this article we use contingent-claim analysis to calculate the effective tax rate (ETR) under corporate debt finance. In particular, we deal with both pure debt and two of the most well-known hybrid securities, i.e., convertible, and reverse convertible bonds. We show that: 1) effective...
Persistent link: https://www.econbiz.de/10003720594
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A model of chapter 11 bankruptcy reorganization and contingent claims corporate bond pricing
Robinson, Susanne Walzer - 1994
Persistent link: https://www.econbiz.de/10000941661
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On the dynamic capital structure of nations : theory and empirics
Ni, Yinan; Barth, James R.; Sun, Yanfei - In: Research in international business and finance 62 (2022), pp. 1-16
Persistent link: https://www.econbiz.de/10014247882
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A general equilibrium theory of banks' capital structure
Gale, Douglas; Gottardi, Piero - In: Journal of economic theory 186 (2020), pp. 1-34
Persistent link: https://www.econbiz.de/10012415904
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Valuing firms under default risk and bankruptcy costs : a WACC-based approach
Mari, Carlo; Marra, Marcella - In: International journal of business 23 (2018) 2, pp. 111-130
Persistent link: https://www.econbiz.de/10011863658
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Value of tax benefits of a dynamic debt policy with regime switching
Dothan, Michael U.; Wu, Wei - In: Applied economics letters 24 (2017) 10/12, pp. 888-892
Persistent link: https://www.econbiz.de/10011714366
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De and re-levering betas with risky debt
Krause, Marko Volker - In: Business research 12 (2019) 2, pp. 703-720
De- and re-levering betas is important to obtain discount rates for assets that are not publicly traded. A de- and re-levering procedure is around for the case of risk-free debt. The procedure for risky debt is much less clear even under very simplifying assumptions. In this paper, I concretize...
Persistent link: https://www.econbiz.de/10012256377
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Endogenous debt maturity : liquidity risk vs. default risk
Manuelli, Rodolfo E.; Sanchez, Juan M. - 2018
Persistent link: https://www.econbiz.de/10011950510
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Financial distress as an agency problem : evidence on non-monotonic and substitute discipline effects of leverage and competition
Uğur, Mehmet; Solomon, Edna Maeyen; Zeynalov, Ayaz - 2021
leverage and product-market competition as predictors of financial distress hazard; and lack of attention to frailty as a … a managerial effort problem, mitigated by leverage and product-market competition as substitute disciplining devices … effect of leverage on financial distress hazard is inverted-U-shaped; (ii) the effect of the competition is U-shaped; and …
Persistent link: https://www.econbiz.de/10014533532