of the employees and analyze, whether commitment by determining the wage contract prior to the competitor is profitable … rent-seeking contests emphasizing that commitment via rent-seeking expenditures is unprofitable in symmetric contests. …

This paper analyses the impact of corporate taxation on a firm's debt policy. We contribute to the existing literature … the debt ratio is positively affected by the statutory corporate income tax rate. Additionally, we find that capital … sensitively to the incentives of corporate taxation, while this effect is considerably smaller for stock companies. …