Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking
收藏NBER2016-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21834
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资源简介：
Using 113 staggered changes in corporate income tax rates across U.S. states, we provide evidence on how taxes affect corporate risk-taking decisions. Higher taxes reduce expected profits more for risky projects than for safe ones, as the government shares in a firms upside but not in its downside.
提供机构：
美国国家经济研究局
创建时间：
2016-01-01
