An Implicit Clientele Test of the Relationship between Taxation and Capital Structure
收藏NBER1980-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0481
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资源简介：
This paper presents a test for the existence of debt clienteles in which the latter are represented by progressive personal tax brackets. The test generates some evidence consistent with the implication of debt clientele theory that, over time, firms' debt ratios should vary with the relative tax
提供机构：
美国国家经济研究局
创建时间：
1980-06-01
