We contribute to the empirical literature on the debt bias of corporate income taxation through a micro …-econometric evaluation of the so-called ACE corporate tax reform in Belgium based on firm-level accounting data. We interpret the tax reform … that came into effect in January 2006 as an economic quasi experiment. We identify its causal impact on the leverage ratio …

operating in countries with stronger governance decrease their leverage while increasing their debt maturity. Specifically, we … show that they decrease their reliance on short-term debt issuance while they increase their reliance on long-term debt and …

performance levels. The capital structure of Austrian SMEs are biased towards debt-financing and stronger equity, growth and …

funds, and their incentive to reduce their tax payments by debt financing is weaker. (5) The companies listed on the Ho Chi … companies in Vietnam face weak incentives to reduce their tax payments by debt financing because the effective corporate tax …-controlled companies are different from those of other companies; state-controlled companies have an advantage in tapping external debt …

-dependent firms, which are mainly large and state-owned companies in China, increase (decrease) their leverage ratios if loan supplies … private firms. During the credit boom in 2009 and 2010, the large and state-owned firms increase leverage ratios by 2.26% and … 2.76% more than matched firms; and small and private firms are shown to decrease leverage in this period. These findings …

This study investigates the factors determining the debt-ratios of listed companies on the Hanoi and Ho Chi Minh stock … results. (1) The debt-ratios of listed companies may be well explained by adjusted Modigliani and Miller theory combined with … for qualified and listed companies. (3) Government controlled companies have weak incentives to save corporate tax …