Taxation and corporate debt are banks any different ? Jost H. Heckemeyer and Ruud A. de Mooij
By: Heckemeyer, Jost Heinrich
.
Contributor(s): Mooij, Ruud A. de.
Material type: 
ArticlePublisher: 2017Subject(s): IMPUESTOS | BANCA | BANCOS | DEUDORES Y ACREEDORES | SOCIEDADES
In:
National tax journal v. 70, n. 1, March 2017, p. 53-76Summary: Variation in the responsiveness of firms to corporate tax incentives toward debtfinance is important fo r understanding the presumed effects o fthe debt bias onmacro-financial stability. This holds especially fo r the difference in responsivenessbetween banks and non-banks. Using a large cross-country micro panel o f consolidated firm accounts, we fin d relatively large responses for the biggest non-financial companies, although these effects are less pronounced as conditional leverage ratios increase. The smallest effects are found for large banks. Results are largelyrobust for attenuation bias.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| IEF | OP 233/2017/1-2 (Browse shelf) | Available | OP 233/2017/1-2 |
Browsing IEF Shelves Close shelf browser
| No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | ||
| OP 233/2016/4-8 What can tax data tell us about the uninsured ? | OP 233/2016/4-9 The effect of profit shifting on the corporate tax base in the United States and beyond | OP 233/2017/1-1 Income effects on maternal labor supply | OP 233/2017/1-2 Taxation and corporate debt | OP 233/2017/1-3 Borrowing from the future ? | OP 233/2017/1-4 Means testing social security | OP 233/2017/1-5 Seeking permission |
Disponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía.
Variation in the responsiveness of firms to corporate tax incentives toward debtfinance is important fo r understanding the presumed effects o fthe debt bias onmacro-financial stability. This holds especially fo r the difference in responsivenessbetween banks and non-banks. Using a large cross-country micro panel o f consolidated firm accounts, we fin d relatively large responses for the biggest non-financial companies, although these effects are less pronounced as conditional leverage ratios increase. The smallest effects are found for large banks. Results are largelyrobust for attenuation bias.
There are no comments for this item.