marginal tax rates affect the debt policies of Spanish listed companies, and the existence of non-debt tax shields constitutes … an alternative to the use of debt as a tax shelter. Consistent with theoretical expectations, there is a stronger … relation between debt and taxation in less levered firms. Finally, we empirically estimate the impact of the new thin …

marginal tax rates affect the debt policies of Spanish listed companies, and the existence of non-debt tax shields constitutes … an alternative to the use of debt as a tax shelter. Consistent with theoretical expectations, there is a stronger … relation between debt and taxation in less levered firms. Finally, we empirically estimate the impact of the new thin …

advantage of debt in domestic manufacturing companies in India. Incremental financing decisions have been analyzed through … debt on leverage decisions of Indian firms. After including personal taxes, marginal taxes become insignificant. The study …

reality. Using a sample of leverage increasing cases resulting from public debt issuances in US markets between 1996 and 2006 … with the fact that, in practice, more profitable firms usually have easier access to debt markets. …

This paper studies pension fund design in the context of investment in the debt and equity of a firm. We employ a …

policy’s risk by taking into account default probabilities, the firm takes advantage of the government by using senior debt … to minimize the carbon tax policy’s cost. The shift to debt financing, in turn, mitigates the carbon tax policy … interests. Such a rule renders senior debt no longer useful for reducing the carbon tax policy’s cost. As a result, the tax …

Because the personal tax treatments of interest and dividend income likely affect the relative cost of debt and equity … equity income tax cut on firms' debt usage. Because this tax cut affected only individual investors, we can use a difference …