Corporate tax-shields and capital structure: leveling the playing field in debt vs equity finance: leveling the playing field in debt vs equity finance

Business & Economics

• Equity Finance 100%
• Tax Shield 93%
• Leveling 86%
• Corporate Tax 78%
• Equity 78%
• Capital Structure 66%
• Debt 65%
• Tax Discrimination 24%
• Bank Capital Structure 22%
• Tax System 20%
• Tax Distortions 20%
• Bank Regulator 19%
• Debt Finance 19%
• Risk Taking 18%
• Corporate Income Tax 17%
• Cost of Debt 17%
• Capital Ratios 17%
• Deductibles 17%
• Bank Capital 16%
• Common Features 16%
• Unintended Consequences 15%
• Default Risk 14%
• Policy Instruments 14%
• Difference-in-differences 14%
• Lending 12%
• Italy 10%
• Expenditure 9%
• Tax 8%
• Profit 7%