Add to ORKGMost of the research on credit risk which has been done in recent years focuses on the calculation of various credit risk determinants such as probability of default, exposure at default, loss given default or maturity. However taxes, namely the taxation of the creditors and their shareholders, were regularly neglected. This article shows the integration of corporate and income taxes into the evaluation of a typical loan. It concludes that taxes have an important influence
Under corporate and personal taxation, we demonstrate that the relation between optimal debt level a...
Abstract. The paper uses a different approach from most capital structure studies, and a large new d...
This study is aimed at understanding the role of personal taxes in bond pricing. In particular, it a...
Abstract: The tax-bene t of interest deductibility encourages debt nancing, but regulatory and marke...
This paper evaluates quantitatively the implications of the preferential tax treatment of debt in th...
This thesis considers the impact of taxation on two problems in the theory of financial markets. The...
Under corporate and personal taxation, the authors demonstrate that the relation between optimal deb...
This paper examines how bank taxation affects the financing decisions and investment activities of c...
This paper examines how bank taxation affects the financing decisions and investment activities of c...
This paper provides a quantitative review of the empirical literature on the tax impact on corporate...
© 2015, Asian Social Science. All rights reserved. Theoretically corporate tax risk is defined as th...
Debt financing of investment projects, used to complete internal sources, has benefits that increase...
We examine changes in the corporate tax rate across the U.S. and their implications on the pricing a...
This paper provides clear evidence of substantial tax effects on the choice between issuing debt or ...
Empirical studies have documented the dependence of corporate credit spreads on default risk, equity...
Under corporate and personal taxation, we demonstrate that the relation between optimal debt level a...
Abstract. The paper uses a different approach from most capital structure studies, and a large new d...
This study is aimed at understanding the role of personal taxes in bond pricing. In particular, it a...
Abstract: The tax-bene t of interest deductibility encourages debt nancing, but regulatory and marke...
This paper evaluates quantitatively the implications of the preferential tax treatment of debt in th...
This thesis considers the impact of taxation on two problems in the theory of financial markets. The...
Under corporate and personal taxation, the authors demonstrate that the relation between optimal deb...
This paper examines how bank taxation affects the financing decisions and investment activities of c...
This paper examines how bank taxation affects the financing decisions and investment activities of c...
This paper provides a quantitative review of the empirical literature on the tax impact on corporate...
© 2015, Asian Social Science. All rights reserved. Theoretically corporate tax risk is defined as th...
Debt financing of investment projects, used to complete internal sources, has benefits that increase...
We examine changes in the corporate tax rate across the U.S. and their implications on the pricing a...
This paper provides clear evidence of substantial tax effects on the choice between issuing debt or ...
Empirical studies have documented the dependence of corporate credit spreads on default risk, equity...
Under corporate and personal taxation, we demonstrate that the relation between optimal debt level a...
Abstract. The paper uses a different approach from most capital structure studies, and a large new d...
This study is aimed at understanding the role of personal taxes in bond pricing. In particular, it a...