control firms, SOX is associated with higher long-term debt ratios for U.S. firms listed in the U.S. but not for Canadian …-term debt ratios post-SOX …

corporate tax reform in Germany. The financial leverage is measured by the ratio of long-term debt to total capital. Endogeneity … tax rate on corporate leverage: on average, an increase of the tax rate by 10 percent would increase the financial … leverage by about 5 percent. We also find that the debt ratio is less responsive for small corporations and for corporations …

choice of debt and equity, which subsequently endogenizes the leverage ratio. In addition the Modigliani-Miller theorem still …This paper presents a rationale of why and under what economic environment the corporate income tax should exist, in … particular, as a form of double taxation. In this sense, we suggest the tax code similar to those in the real world, however …

has led to a decline in the relative importance of debt, particularly bank loans, as a form of finance for the Indian …

rights and profitability on market leverage. It suggests that the more shareholder rights there are, the fewer asymmetric …

.e. finding the right balance between equity financing and debt. Taggert (1981) shows that rate-of-return regulation creates an …) find that the firm chooses its equity and debt in order to affect the outcome of the regulatory process. As a hybrid model … where bankruptcy is merely a threat, it may be optimal to rely on extreme strategies solely financing with equity or debt …