Pouring Oil on Fire: Interest Deductibility and Corporate Debt

Pouring Oil on Fire: Interest Deductibility and Corporate Debt
This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage, for both small and medium-sized enterprises and larger firms, with its effect accounting for about a... READ MORE...

Publication date: December 2018
ISBN 9781484389102
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: December 2018

PDF

Publication date: December 2018

ePub

Publication date: December 2018

Mobi

Publication date: December 2018

English