Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?
收藏NBER2011-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17169
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We show that firms with the least elastic demand for equity capital should benefit the most from reductions in shareholder taxes. Consistent with this prediction, we find that, following 1997 and 2003 cuts in U.S. individual shareholder taxes, financially constrained firms, and particularly those
提供机构：
美国国家经济研究局
创建时间：
2011-06-01
