their leverage by 4.7 percentage points more than non-affected companies. The effects are stronger among non …

economic variables of US banks, such as the number of employees, average salaries and benefits, profit/loss before taxes, and … net income. Our analysis suggests that the TCJA increased the net-of-tax profits of C corporation banks compared to S …

Using bank balance sheet data, we find evidence that leverage and asset risk of European multinational banks in the … national tax policies generate spillovers through cross-border bank activities and tax-driven strategic allocation of debt and …

We estimate the impact of effective profit taxation on the financial leverage of corporations on the basis of a pseudo … 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 …

that came into effect in January 2006 as an economic quasi experiment. We identify its causal impact on the leverage ratio … structure of Belgian corporations, as the estimated reduction of the leverage ratio is most pronounced for big firms. Estimation … firm leverage. Finally, we provide evidence of sectoral heterogeneity with significant effects observed for capital …