메뉴 건너뛰기




Volumn 41, Issue 1, 1996, Pages 41-73

Debt and the marginal tax rate

Author keywords

Capital structure; Debt; Marginal tax rate; Taxes

Indexed keywords


EID: 0030140519     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-405X(95)00857-B     Document Type: Article
Times cited : (533)

References (25)
  • 1
    • 84980104458 scopus 로고
    • Financial ratios, discriminant analysis, and the prediction of corporate bankruptcy
    • Altman, Edward, 1968, Financial ratios, discriminant analysis, and the prediction of corporate bankruptcy, Journal of Finance 23, 589-609.
    • (1968) Journal of Finance , vol.23 , pp. 589-609
    • Altman, E.1
  • 2
    • 84882495840 scopus 로고
    • The significance of tax law asymmetries: An empirical investigation
    • Altshuler, Rosanne and Alan Auerbach, 1990, The significance of tax law asymmetries: An empirical investigation, Quarterly Journal of Economics CV, 61-86.
    • (1990) Quarterly Journal of Economics CV , pp. 61-86
    • Altshuler, R.1    Auerbach, A.2
  • 3
    • 0000621890 scopus 로고
    • Real determinants of corporate leverage
    • B.M. Friedman, ed., University of Chicago Press, Chicago, IL
    • Auerbach, Alan, 1985, Real determinants of corporate leverage, in: B.M. Friedman, ed., Corporate capital structures in the United States (University of Chicago Press, Chicago, IL).
    • (1985) Corporate Capital Structures in the United States
    • Auerbach, A.1
  • 4
    • 84939793498 scopus 로고
    • On the existence of an optimal capital structure
    • Bradley, Michael, Gregg A. Jarrell, and E. Han Kim, 1984, On the existence of an optimal capital structure, Journal of Finance 39, 857-878.
    • (1984) Journal of Finance , vol.39 , pp. 857-878
    • Bradley, M.1    Jarrell, G.A.2    Han Kim, E.3
  • 5
    • 0002756404 scopus 로고
    • Estimating the tax advantage of corporate debt
    • Courdes, Joseph and Steven Sheffrin, 1983, Estimating the tax advantage of corporate debt, Journal of Finance 38, 95-105.
    • (1983) Journal of Finance , vol.38 , pp. 95-105
    • Courdes, J.1    Sheffrin, S.2
  • 6
    • 37649023213 scopus 로고
    • Optimal capital structure under corporate and personal taxation
    • DeAngelo, Harry and Ronald Masulis, 1980, Optimal capital structure under corporate and personal taxation, Journal of Financial Economics 8, 3-29.
    • (1980) Journal of Financial Economics , vol.8 , pp. 3-29
    • DeAngelo, H.1    Masulis, R.2
  • 7
    • 84977723030 scopus 로고
    • Dynamic capital structure choice: Theory and tests
    • Fisher, Edwin, Robert Heinkel, and Josef Zechner, 1989, Dynamic capital structure choice: Theory and tests, Journal of Finance 44, 19-40.
    • (1989) Journal of Finance , vol.44 , pp. 19-40
    • Fisher, E.1    Heinkel, R.2    Zechner, J.3
  • 8
    • 43949176471 scopus 로고
    • Additional evidence on the association between the investment opportunity set and corporate financing, dividend and compensation policies
    • Gaver, Jennifer and Kenneth Gaver, 1993, Additional evidence on the association between the investment opportunity set and corporate financing, dividend and compensation policies, Journal of Accounting and Economics 16, 125-160.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 125-160
    • Gaver, J.1    Gaver, K.2
  • 9
    • 0000697997 scopus 로고
    • Taxes and capital structure: Evidence from firms' response to the tax reform act of 1986
    • Givoly, D., C. Hahn, A. Ofer, and O. Sarig, 1992, Taxes and capital structure: Evidence from firms' response to the tax reform act of 1986, Review of Financial Studies 5, 331-355.
    • (1992) Review of Financial Studies , vol.5 , pp. 331-355
    • Givoly, D.1    Hahn, C.2    Ofer, A.3    Sarig, O.4
  • 10
    • 85029963829 scopus 로고
    • Working paper (University of Utah, Salt Lake City, UT)
    • Graham, John, 1995, Proxies for the marginal tax rate, Working paper (University of Utah, Salt Lake City, UT).
    • (1995) Proxies for the Marginal Tax Rate
    • Graham, J.1
  • 12
    • 0001731473 scopus 로고
    • The effect of business risk on corporate capital structure: Theory and evidence
    • Kale, Jayant, Thomas Noe, and Gabriel Ramirez, 1991, The effect of business risk on corporate capital structure: Theory and evidence, Journal of Finance 16, 1693-1715.
    • (1991) Journal of Finance , vol.16 , pp. 1693-1715
    • Kale, J.1    Thomas, N.2    Ramirez, G.3
  • 13
    • 76649090844 scopus 로고
    • Do taxes affect corporate financing decisions?
    • MacKie-Mason, Jeffrey, 1990, Do taxes affect corporate financing decisions?, Journal of Finance 45, 1471-1493.
    • (1990) Journal of Finance , vol.45 , pp. 1471-1493
    • Mackie-Mason, J.1
  • 14
    • 0002388350 scopus 로고
    • Earning management of firms subject to the alternative minimum tax
    • Manzon, Gil, 1992, Earning management of firms subject to the alternative minimum tax, Journal of the American Taxation Association 14, 88-111.
    • (1992) Journal of the American Taxation Association , vol.14 , pp. 88-111
    • Manzon, G.1
  • 15
    • 84944072660 scopus 로고
    • Debt and taxes
    • Miller, Merton, 1977, Debt and taxes, Journal of Finance 32, 261-275.
    • (1977) Journal of Finance , vol.32 , pp. 261-275
    • Miller, M.1
  • 16
    • 84944830772 scopus 로고
    • The capital structure puzzle
    • Myers, Stewart, 1984, The capital structure puzzle, Journal of Finance 39, 572-592.
    • (1984) Journal of Finance , vol.39 , pp. 572-592
    • Myers, S.1
  • 17
    • 84965494754 scopus 로고
    • An investigation of the firm size-effective tax rate relation in the 1980s
    • Omer, Thomas, Karen Molloy, and David Ziebart, 1993, An investigation of the firm size-effective tax rate relation in the 1980s, Journal of Accounting, Auditing and Finance 8, 167-182.
    • (1993) Journal of Accounting, Auditing and Finance , vol.8 , pp. 167-182
    • Omer, T.1    Molloy, K.2    Ziebart, D.3
  • 18
    • 0000252083 scopus 로고
    • Tax planning, regulatory capital planning, and financial reporting strategy for commercial banks
    • Scholes, Myron, G. Peter Wilson, and Mark Wolfson, 1990, Tax planning, regulatory capital planning, and financial reporting strategy for commercial banks, Review of Financial Studies 3, 625-650.
    • (1990) Review of Financial Studies , vol.3 , pp. 625-650
    • Scholes, M.1    Wilson, G.P.2    Wolfson, M.3
  • 20
    • 0002279906 scopus 로고
    • Estimating corporate marginal tax rates with asymmetric tax treatment of gains and losses
    • Shevlin, Terry, 1990, Estimating corporate marginal tax rates with asymmetric tax treatment of gains and losses, Journal of the American Taxation Association 12, 51-67.
    • (1990) Journal of the American Taxation Association , vol.12 , pp. 51-67
    • Shevlin, T.1
  • 21
    • 2342505938 scopus 로고
    • The investment opportunity set and corporate financing, dividend and compensation policies
    • Smith, Clifford and Ross Watts, 1992, The investment opportunity set and corporate financing, dividend and compensation policies, Journal of Financial Economics 32, 263-292.
    • (1992) Journal of Financial Economics , vol.32 , pp. 263-292
    • Smith, C.1    Watts, R.2
  • 22
    • 0001524993 scopus 로고
    • The effect of capital structure on a firm's liquidation decision
    • Titman, Sheridan, 1984, The effect of capital structure on a firm's liquidation decision, Journal of Financial Economics 13, 137-151.
    • (1984) Journal of Financial Economics , vol.13 , pp. 137-151
    • Titman, S.1
  • 23
    • 84977737536 scopus 로고
    • The determinants of capital structure choice
    • Titman, Sheriden and Roberto Wessels, 1988, The determinants of capital structure choice, Journal of Finance 43, 1-19.
    • (1988) Journal of Finance , vol.43 , pp. 1-19
    • Titman, S.1    Wessels, R.2
  • 24
    • 0000095552 scopus 로고
    • A heteroskedastic consistent covariance matrix and a direct test for heteroskedasticity
    • White, Halbert, 1980, A heteroskedastic consistent covariance matrix and a direct test for heteroskedasticity, Econometrica 48, 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.