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Do Taxes Affect Corporate Financing Decisions?

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NBER1988-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2632
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A new empirical method and data set are used to study the effects of tax policy on corporate financing choices. Clear evidence emerges that non-debt tax shields "crowd out" interest deductibility, thus decreasing the desirability of debt issues at the margin. Previous studies which failed to find
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1988-06-01
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