How Big is the Tax Advantage to Debt?
收藏NBER1984-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1286
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资源简介：
This paper uses an option valuation model of the firm to answer the question, "What magnitude tax advantage to debt is consistent with the range of observed corporate debt ratios?" We incorporate into the model differential personal tax rates on capital gains and ordinary income. We conclude that
提供机构：
美国国家经济研究局
创建时间：
1984-03-01
