Add to ORKGThis article describes the new ACE-type system implemented in Italy since 2012. The authors first show that this system reduces but does not eliminate the financial distortion due to interest deductibility. Using a dataset of Italian companies, the authors analyze the impact of this relief on Italian firm capital structure. Despite the permanence of a tax advantage and its gradual implementation, the ACE relief is estimated to reduce significantly leverage. By decreasing default risk it is also expected to reduce systemic risk
We analyse if the Brazilian Allowance for Corporate Equity (ACE-type system) reduces the debt tax bi...
Corporate finance management rules are written under the assumption that financing costs are fully d...
he 21st century has opened with huge pressures for a profound transfor-mation of economic systems. T...
This paper is the first attempt to provide an ex-post evaluation of the impact of the much debated I...
In their famous Mirrlees review (2011) on reforming the tax system for the 21st century, the author...
Classical corporate taxation typically favours debt finance over equity. The resulting bias leads fi...
In recent years, some European countries have relied on elements of an allowance for corporate equit...
The aim of this paper is twofold. First, we measure the relationship between fiscal variables and c...
Corporate capital structure is one of the most studied areas of business decisions. Nevertheless, i...
We contribute to the empirical literature on the debt bias of corporate income taxation through a fi...
This paper explores the effect of taxation on the capital structure of banks. For identification, we...
This paper provides further empirical evidence on the relationship between taxes and financial repor...
This paper explores the economic implications of an allowance for corporate equity (ACE), a comprehe...
Theory recommends aligning the tax treatment of debt and equity. A few countries, notably Belgium, h...
Abstract. Purpose: Corporate finance management rules are written under the assumption that financin...
We analyse if the Brazilian Allowance for Corporate Equity (ACE-type system) reduces the debt tax bi...
Corporate finance management rules are written under the assumption that financing costs are fully d...
he 21st century has opened with huge pressures for a profound transfor-mation of economic systems. T...
This paper is the first attempt to provide an ex-post evaluation of the impact of the much debated I...
In their famous Mirrlees review (2011) on reforming the tax system for the 21st century, the author...
Classical corporate taxation typically favours debt finance over equity. The resulting bias leads fi...
In recent years, some European countries have relied on elements of an allowance for corporate equit...
The aim of this paper is twofold. First, we measure the relationship between fiscal variables and c...
Corporate capital structure is one of the most studied areas of business decisions. Nevertheless, i...
We contribute to the empirical literature on the debt bias of corporate income taxation through a fi...
This paper explores the effect of taxation on the capital structure of banks. For identification, we...
This paper provides further empirical evidence on the relationship between taxes and financial repor...
This paper explores the economic implications of an allowance for corporate equity (ACE), a comprehe...
Theory recommends aligning the tax treatment of debt and equity. A few countries, notably Belgium, h...
Abstract. Purpose: Corporate finance management rules are written under the assumption that financin...
We analyse if the Brazilian Allowance for Corporate Equity (ACE-type system) reduces the debt tax bi...
Corporate finance management rules are written under the assumption that financing costs are fully d...
he 21st century has opened with huge pressures for a profound transfor-mation of economic systems. T...