메뉴 건너뛰기




Volumn 1, Issue 7, 2005, Pages 573-691

A review of taxes and corporate finance

Author keywords

[No Author keywords available]

Indexed keywords


EID: 39849094425     PISSN: 15672395     EISSN: 15672409     Source Type: Journal    
DOI: 10.1561/0500000010     Document Type: Review
Times cited : (48)

References (254)
  • 2
    • 77951608784 scopus 로고
    • Dividend policy
    • R. Jarrow, V. Maksimovic, and W. T. Ziemba (eds.), Finance 9, Elsevier North-Holland
    • Allen, F. and R. Michaely (1995), 'Dividend policy'. In: R. Jarrow, V. Maksimovic, and W. T. Ziemba (eds.): Handbooks In Operations Research and Management Science, pp. 793-837. Finance 9, Elsevier North-Holland.
    • (1995) Handbooks in Operations Research and Management Science , pp. 793-837
    • Allen, F.1    Michaely, R.2
  • 3
  • 5
    • 84882495840 scopus 로고
    • The significance of tax law asymmetries: An empirical investigation
    • Altshuler, R. and A. J. Auerbach (1990), 'The significance of tax law asymmetries: An empirical investigation'. Quarterly Journal of Economics 105(1), 61-86.
    • (1990) Quarterly Journal of Economics , vol.105 , Issue.1 , pp. 61-86
    • Altshuler, R.1    Auerbach, A.J.2
  • 8
    • 0001924383 scopus 로고
    • The effects of U.S. tax policy on the income repatriation patterns of U.S. multinational corporations
    • A. Giovannini, R. G. Hubbard, and J. Slemrod (eds.), University of Chicago Press
    • Altshuler, R. and T. S. Newlon (1993), 'The effects of U.S. tax policy on the income repatriation patterns of U.S. multinational corporations'. In: A. Giovannini, R. G. Hubbard, and J. Slemrod (eds.): Studies in International Taxation, University of Chicago Press.
    • (1993) Studies in International Taxation
    • Altshuler, R.1    Newlon, T.S.2
  • 9
    • 0041871018 scopus 로고    scopus 로고
    • The effect of taxes on corporate financing decisions: Evidence from a panel of Italian firms
    • DOI 10.1023/A:1011258605504
    • Alworth, J. and G. Arachi (2000), 'The effect of taxes on corporate financing decisions: Evidence from a panel of italian firms'. International Tax and Public Finance 8, 353-76. (Pubitemid 33615122)
    • (2001) International Tax and Public Finance , vol.8 , Issue.4 , pp. 353-376
    • Alworth, J.1    Arachi, G.2
  • 10
    • 0038465465 scopus 로고    scopus 로고
    • How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed
    • Andrade, G. and S. N. Kaplan (1998), 'How costly is financial (not economic) distress? Evidence from highly levered transactions that became distressed'. Journal of Finance 53, 1443-1493. (Pubitemid 128344228)
    • (1998) Journal of Finance , vol.53 , Issue.5 , pp. 1443-1493
    • Andrade, G.1    Kaplan, S.N.2
  • 12
    • 0009752846 scopus 로고
    • Stockholder tax rates and firm attributes
    • Auerbach, A. J. (1983), 'Stockholder tax rates and firm attributes'. Journal of Public Economics 21, 107-127.
    • (1983) Journal of Public Economics , vol.21 , pp. 107-127
    • Auerbach, A.J.1
  • 13
    • 67649306609 scopus 로고    scopus 로고
    • Taxation and corporate financial policy
    • A. Auerbach and M. Feldstein (eds.), Amsterdam Elsivier North-Holland
    • Auerbach, A. J. (2002), 'Taxation and corporate financial policy'. In: A. Auerbach and M. Feldstein (eds.): Handbook of Public Economics, Vol. 3, pp. 1251-1292, Amsterdam: Elsivier North-Holland.
    • (2002) Handbook of Public Economics , vol.3 , pp. 1251-1292
    • Auerbach, A.J.1
  • 14
    • 0000338071 scopus 로고
    • Taxation, portfolio choice, and debt-equity ratios: A general equilibrium model
    • Auerbach, A. J. and M. A. King (1983), 'Taxation, portfolio choice, and debt-equity ratios: A general equilibrium model'. Quarterly Journal of Economics 98, 587-609.
    • (1983) Quarterly Journal of Economics , vol.98 , pp. 587-609
    • Auerbach, A.J.1    King, M.A.2
  • 15
    • 0003021859 scopus 로고
    • Tax-loss carry forwards and corporate tax incentives
    • M. Feldstein (ed.), University of Chicago Press
    • Auerbach, A. J. and J. M. Poterba (1987), 'Tax-loss carry forwards and corporate tax incentives'. In: M. Feldstein (ed.): The Effects of Taxation on Capital Accumulation, pp. 305-338, University of Chicago Press.
    • (1987) The Effects of Taxation on Capital Accumulation , pp. 305-338
    • Auerbach, A.J.1    Poterba, J.M.2
  • 16
    • 0345402600 scopus 로고    scopus 로고
    • The choice of incentive stock options vs. nonqualified options: A marginal tax rate perspective
    • Austin, J., J. Gaver, and K. Gaver (1998), 'The choice of incentive stock options vs. nonqualified options: A marginal tax rate perspective'. Journal of the American Taxation Association 20, 1-21. (fall).
    • (1998) Journal of the American Taxation Association , vol.20 , Issue.FALL , pp. 1-21
    • Austin, J.1    Gaver, J.2    Gaver, K.3
  • 17
    • 0013469318 scopus 로고    scopus 로고
    • Organizational form and taxes: An empirical analysis of small businesses
    • Ayers, B., C. Cloyd, and J. Robinson (1996), 'Organizational form and taxes: An empirical analysis of small businesses'. Journal of the American Taxation Society 18, 49-67. (Supplement).
    • (1996) Journal of the American Taxation Society , vol.18 , Issue.SUPPL. , pp. 49-67
    • Ayers, B.1    Cloyd, C.2    Robinson, J.3
  • 18
    • 0007231745 scopus 로고    scopus 로고
    • The influence of income taxes on use of inside and outside debt by small business
    • Ayers, B., C. Cloyd, and J. Robinson (2001), 'The influence of income taxes on use of inside and outside debt by small business'. The National Tax Journal 54, 27-56.
    • (2001) The National Tax Journal , vol.54 , pp. 27-56
    • Ayers, B.1    Cloyd, C.2    Robinson, J.3
  • 19
    • 0041672312 scopus 로고    scopus 로고
    • Market timing and capital structure
    • Baker, M. and J.Wurgler (2002), 'Market timing and capital structure'. Journal of Finance 57, 1-32. (Pubitemid 36931755)
    • (2002) Journal of Finance , vol.57 , Issue.1 , pp. 1-32
    • Baker, M.1    Wurgler, J.2
  • 20
    • 0000685023 scopus 로고    scopus 로고
    • Ex dividend day stock price behavior: Discreteness or tax-induced clienteles?
    • PII S0304405X9700041X
    • Bali, R. and G. L. Hite (1998), 'Ex-dividend day stock price behavior: Discreteness or tax-induced clienteles?'. Journal of Financial Economics 47, 127-159. (Pubitemid 128342895)
    • (1998) Journal of Financial Economics , vol.47 , Issue.2 , pp. 127-159
    • Bali, R.1    Hite, G.L.2
  • 21
    • 0345131411 scopus 로고    scopus 로고
    • The new market for corporate tax shelters
    • Bankman, J. (1999), 'The new market for corporate tax shelters'. Tax Notes 83, 1775.
    • (1999) Tax Notes , vol.83 , pp. 1775
    • Bankman, J.1
  • 22
    • 0002425221 scopus 로고
    • Dividends, taxes, and common stock prices: The ex-dividend day behavior of common stock prices before the income tax
    • Barclay, M. J. (1987), 'Dividends, taxes, and common stock prices: The ex-dividend day behavior of common stock prices before the income tax'. Journal of Financial Economics 19, 31-43.
    • (1987) Journal of Financial Economics , vol.19 , pp. 31-43
    • Barclay, M.J.1
  • 23
    • 84993839692 scopus 로고
    • The maturity structure of corporate debt
    • Barclay, M. J. and C. W. Smith (1995a), 'The maturity structure of corporate debt'. Journal of Finance 50, 609-631.
    • (1995) Journal of Finance , vol.50 , pp. 609-631
    • Barclay, M.J.1    Smith, C.W.2
  • 24
    • 84993924992 scopus 로고
    • The priority structure of corporate liabilities
    • Barclay, M. J. and C. W. Smith (1995b), 'The priority structure of corporate liabilities'. Journal of Finance 50, 899-917.
    • (1995) Journal of Finance , vol.50 , pp. 899-917
    • Barclay, M.J.1    Smith, C.W.2
  • 25
    • 0141425883 scopus 로고    scopus 로고
    • Why pay more? Corporate tax avoidance through transfer pricing in OECD countries
    • DOI 10.1016/S0047-2727(02)00018-X, PII S004727270200018X
    • Bartelsman, E. J. and M. W. J. Beetsma (2003), 'Why pay more? Corporate tax avoidance through transfer pricing in OECD countries'. Journal of Public Economics 87, 2225-2252. (Pubitemid 37170213)
    • (2003) Journal of Public Economics , vol.87 , Issue.9-10 , pp. 2225-2252
    • Bartelsman, E.J.1    Beetsma, R.M.W.J.2
  • 27
    • 0035530721 scopus 로고    scopus 로고
    • Does the use of financial derivatives affect earnings management decisions?
    • Barton, J. (2001), 'Does the use of financial derivatives affect earnings management decisions?'. The Accounting Review 76, 1-26.
    • (2001) The Accounting Review , vol.76 , pp. 1-26
    • Barton, J.1
  • 28
    • 0042108707 scopus 로고
    • Motives for forming research and development financing organizations
    • Beatty, A., P. G. Berger, and J. Maglio (1995), 'Motives for forming research and development financing organizations'. Journal of Accounting and Economics 19, 411-442.
    • (1995) Journal of Accounting and Economics , vol.19 , pp. 411-442
    • Beatty, A.1    Berger, P.G.2    Maglio, J.3
  • 29
    • 0043172352 scopus 로고    scopus 로고
    • New evidence of the impact of dividend taxation and on the identity of the marginal investor
    • Bell, L. and T. Jenkinson (2002), 'New evidence on the impact of dividend taxation and on the identity of the marginal investor'. Journal of Finance 57, 1321-1346. (Pubitemid 36932133)
    • (2002) Journal of Finance , vol.57 , Issue.3 , pp. 1321-1346
    • Bell, L.1    Jenkinson, T.2
  • 31
    • 0000165340 scopus 로고
    • Explicit and implicit tax effects of the R & D tax credit
    • Berger, P. (1993), 'Explicit and implicit tax effects of the R & D tax credit'. Journal of Accounting Research 31(2), 131-171.
    • (1993) Journal of Accounting Research , vol.31 , Issue.2 , pp. 131-171
    • Berger, P.1
  • 33
    • 0003102474 scopus 로고
    • The tax consequences of long-run pension policy
    • Black, F. (1980), 'The tax consequences of long-run pension policy'. Financial Analysts Journal 14(7), 21-28.
    • (1980) Financial Analysts Journal , vol.14 , Issue.7 , pp. 21-28
    • Black, F.1
  • 36
    • 0002496084 scopus 로고
    • Stock ownership in the united states: Characteristics and trends
    • Blume, M., J. Crockett, and I. Friend (1974), 'Stock ownership in the united states: Characteristics and trends'. Survey of Current Business 54(11), 16-40.
    • (1974) Survey of Current Business , vol.54 , Issue.11 , pp. 16-40
    • Blume, M.1    Crockett, J.2    Friend, I.3
  • 37
    • 21844501723 scopus 로고
    • Ex-dividend price behavior of common stocks
    • Boyd, J. and R. Jagannathan (1994), 'Ex-dividend price behavior of common stocks'. Review of Financial Studies 7, 711-741.
    • (1994) Review of Financial Studies , vol.7 , pp. 711-741
    • Boyd, J.1    Jagannathan, R.2
  • 38
    • 84939793498 scopus 로고
    • On the existence of an optimal capital structure: Theory and evidence
    • Bradley, M., G. Jarrell, and E. H. Kim (1984), 'On the existence of an optimal capital structure: Theory and evidence'. Journal of Finance 39, 857-878.
    • (1984) Journal of Finance , vol.39 , pp. 857-878
    • Bradley, M.1    Jarrell, G.2    Kim, E.H.3
  • 39
    • 23844507739 scopus 로고    scopus 로고
    • Payout policy in the 21st century
    • DOI 10.1016/j.jfineco.2004.07.004, PII S0304405X05000528
    • Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely (2005), 'Payout policy in the 21st century'. Journal of Financial Economics 77, 483-527. (Pubitemid 41179264)
    • (2005) Journal of Financial Economics , vol.77 , Issue.3 , pp. 483-527
    • Brav, A.1    Graham, J.R.2    Harvey, C.R.3    Michaely, R.4
  • 40
    • 84868375653 scopus 로고    scopus 로고
    • Dividends and taxes: CFO survey evidence
    • Working paper, Duke University
    • Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely (2006), 'Dividends and taxes: CFO survey evidence'. Journal of Financial Economics 77, 483-527. Working paper, Duke University.
    • (2006) Journal of Financial Economics , vol.77 , pp. 483-527
    • Brav, A.1    Graham, J.R.2    Harvey, C.R.3    Michaely, R.4
  • 43
    • 0001707540 scopus 로고
    • Taxes, market valuation and corporate financial policy
    • Brennan, M. J. (1970), 'Taxes, market valuation and corporate financial policy'. National Tax Journal 23, 417-427.
    • (1970) National Tax Journal , vol.23 , pp. 417-427
    • Brennan, M.J.1
  • 44
    • 84944835463 scopus 로고
    • On the relevance of debt maturity structure
    • Brick, I. and S. A. Ravid (1985), 'On the relevance of debt maturity structure'. Journal of Finance 40, 1423-1437.
    • (1985) Journal of Finance , vol.40 , pp. 1423-1437
    • Brick, I.1    Ravid, S.A.2
  • 46
    • 0032366189 scopus 로고    scopus 로고
    • Default risk cannot explain the muni puzzle: Evidence from municipal bonds that are secured by U.S. treasury obligations
    • Chalmers, J. (1998), 'Default risk cannot explain the muni puzzle: Evidence from municipal bonds that are secured by U.S. treasury obligations'. Review of Financial Studies 11, 281-308.
    • (1998) Review of Financial Studies , vol.11 , pp. 281-308
    • Chalmers, J.1
  • 47
    • 0040188973 scopus 로고
    • The tax and distributional effects of levereged ESOPs
    • Chaplinsky, S. and G. Niehaus (1990), 'The tax and distributional effects of levereged ESOPs'. Financial Management 19, 29-38.
    • (1990) Financial Management , vol.19 , pp. 29-38
    • Chaplinsky, S.1    Niehaus, G.2
  • 49
    • 26444595536 scopus 로고    scopus 로고
    • Dividend taxes and corporate behavior: Evidence from the 2003 dividend tax cut
    • DOI 10.1162/003355305774268174
    • Chetty, R. and E. Saez (2005), 'Do dividend payments respond to taxes? Preliminary evidence from the 2003 dividend tax cut'. Quarterly Journal of Economics 120, 791-833. (Pubitemid 41436710)
    • (2005) Quarterly Journal of Economics , vol.120 , Issue.3 , pp. 791-833
    • Chetty, R.1    Saez, E.2
  • 50
    • 0141425885 scopus 로고    scopus 로고
    • Tax-motivated transfer pricing and US intrafirm trade prices
    • DOI 10.1016/S0047-2727(02)00015-4, PII S0047272702000154
    • Clausing, K. A. (2003), 'Tax-motivated transfer pricing and US intrafirm trade prices'. Journal of Public Economics 87, 2207-2223. (Pubitemid 37170212)
    • (2003) Journal of Public Economics , vol.87 , Issue.9-10 , pp. 2207-2223
    • Clausing, K.A.1
  • 51
    • 0030080009 scopus 로고    scopus 로고
    • Differential tax benefits and the pension reversion decision
    • DOI 10.1016/0165-4101(95)00412-2
    • Clinch, G. and T. Shibano (1996), 'Differential tax benefits and the pension reversion decision'. Journal of Accounting and Economics 21(1), 69-106. (Pubitemid 126163959)
    • (1996) Journal of Accounting and Economics , vol.21 , Issue.1 , pp. 69-106
    • Clinch, G.1    Shibano, T.2
  • 52
    • 0034348043 scopus 로고    scopus 로고
    • Capital gains and dividend capitalization in firm valuation: Evidence of triple taxation
    • Collins, J. and D. Kemsley (2000), 'Capital gains and dividend capitalization in firm valuation: Evidence of triple taxation'. Accounting Review 75, 405-427.
    • (2000) Accounting Review , vol.75 , pp. 405-427
    • Collins, J.1    Kemsley, D.2
  • 53
    • 21144471842 scopus 로고
    • Foreign tax credit limitations and preferred stock issuances
    • Collins, J. and D. Shackelford (1992), 'Foreign tax credit limitations and preferred stock issuances'. Journal of Accounting Research pp. 103-24. (Supplement 1992).
    • (1992) Journal of Accounting Research , Issue.SUPPL. 1992 , pp. 103-124
    • Collins, J.1    Shackelford, D.2
  • 54
    • 0000701590 scopus 로고
    • Capital market equilibrium with personal tax
    • Constantinides, G. (1983), 'Capital market equilibrium with personal tax'. Econometrica 51, 611-636.
    • (1983) Econometrica , vol.51 , pp. 611-636
    • Constantinides, G.1
  • 56
    • 0013468440 scopus 로고    scopus 로고
    • Stock option plans for non-executive employees
    • DOI 10.1016/S0304-405X(01)00062-9, PII S0304405X01000629
    • Core, J. and W. Guay (2001), 'Stock options plans for non-executive employees'. Journal of Financial Economics 61, 253-287. (Pubitemid 33619260)
    • (2001) Journal of Financial Economics , vol.61 , Issue.2 , pp. 253-287
    • Core, J.E.1    Guay, W.R.2
  • 57
    • 0012533538 scopus 로고    scopus 로고
    • Executive equity compensation and incentives: A survey
    • Core, J., W. Guay, and D. Larcker (2003), 'Executive equity compensation and incentives: A survey'. Economic Policy Review 9, 27-50.
    • (2003) Economic Policy Review , vol.9 , pp. 27-50
    • Core, J.1    Guay, W.2    Larcker, D.3
  • 58
    • 84977716483 scopus 로고
    • Information effects associated with debt for equity and equity for debt exchange offers
    • Cornett, M. and N. Travlos (1989), 'Information effects associated with debt for equity and equity for debt exchange offers'. Journal of Finance 44, 451-468.
    • (1989) Journal of Finance , vol.44 , pp. 451-468
    • Cornett, M.1    Travlos, N.2
  • 60
    • 84977723895 scopus 로고
    • The effect of taxes and depreciation on corporate investment and financial leverage
    • Dammon, R. and L. Senbet (1988), 'The effect of taxes and depreciation on corporate investment and financial leverage'. Journal of Finance 43, 357-73.
    • (1988) Journal of Finance , vol.43 , pp. 357-373
    • Dammon, R.1    Senbet, L.2
  • 61
    • 0035646557 scopus 로고    scopus 로고
    • Optimal consumption and investment with capital gain taxes
    • Dammon, R., C. Spatt, and H. Zhang (2001), 'Optimal consumption and investment with capital gain taxes'. Review of Financial Studies 14, 583-616.
    • (2001) Review of Financial Studies , vol.14 , pp. 583-616
    • Dammon, R.1    Spatt, C.2    Zhang, H.3
  • 62
    • 37649023213 scopus 로고
    • Optimal capital structure under corporate and personal taxation
    • DeAngelo, H. and R. W. 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.W.2
  • 63
    • 0029715608 scopus 로고    scopus 로고
    • The distorting effect of the prudent-man laws on institutional equity investments
    • DOI 10.1016/0304-405X(95)00841-2
    • Del Guercio, D. (1996), 'The distorting effect of the prudent-man laws on institutional equity investments'. Journal of Financial Economics 40, 31-62. (Pubitemid 126169087)
    • (1996) Journal of Financial Economics , vol.40 , Issue.1 , pp. 31-62
    • Del Guercio, D.1
  • 64
    • 0000969763 scopus 로고
    • Corporate financial hedging with proprietary information
    • DeMarzo, P. and D. Duffie (1991), 'Corporate financial hedging with proprietary information'. Journal of Economic Theory 53, 261-286.
    • (1991) Journal of Economic Theory , vol.53 , pp. 261-286
    • Demarzo, P.1    Duffie, D.2
  • 65
    • 9544225725 scopus 로고    scopus 로고
    • The divergence between book and tax income
    • J. Poterba (ed.), Cambridge, MA, MIT Press
    • Desai, M. A. (2003), 'The divergence between book and tax income'. In: J. Poterba (ed.): Tax Policy and the Economy, Vol. 17, Cambridge, MA, pp. 169-206, MIT Press.
    • (2003) Tax Policy and the Economy , vol.17 , pp. 169-206
    • Desai, M.A.1
  • 66
    • 10944260107 scopus 로고    scopus 로고
    • A multinational perspective on capital structure choice and internal capital markets
    • Desai, M. A., F. Foley, and J. Hines (2004), 'A multinational perspective on capital structure choice and internal capital markets'. Journal of Finance 59, 2451-2488.
    • (2004) Journal of Finance , vol.59 , pp. 2451-2488
    • Desai, M.A.1    Foley, F.2    Hines, J.3
  • 67
    • 0011348340 scopus 로고    scopus 로고
    • A test of the theory of tax clienteles for dividend policies
    • Dhaliwal, D., M. Erickson, and R. Trezevant (1999), 'A test of the theory of tax clienteles for dividend policies'. National Tax Journal 52, 179-194.
    • (1999) National Tax Journal , vol.52 , pp. 179-194
    • Dhaliwal, D.1    Erickson, M.2    Trezevant, R.3
  • 69
    • 33645055931 scopus 로고    scopus 로고
    • Investor tax heterogeneity and ex-dividend day trading volume
    • DOI 10.1111/j.1540-6261.2006.00842.x
    • Dhaliwal, D. and O. Li (2006), 'Investor tax heterogeneity and ex-dividend day trading volume - The effect of dividend yield and institutional ownership'. Journal of Finance 61, 463-490. (Pubitemid 43425525)
    • (2006) Journal of Finance , vol.61 , Issue.1 , pp. 463-490
    • Dhaliwal, D.1    Li, O.Z.2
  • 71
    • 84868365800 scopus 로고    scopus 로고
    • Risk management determinants affecting firms' values in the gold mining industry: New empirical results
    • Dionne, G. and M. Garand (2000), 'Risk management determinants affecting firms' values in the gold mining industry: New empirical results'. HEC working paper.
    • (2000) HEC Working Paper
    • Dionne, G.1    Garand, M.2
  • 72
    • 0344108641 scopus 로고    scopus 로고
    • An analysis of capital structure and investment policies: Evidence from corporate divestitures
    • forthcoming in
    • Dittmar, A. K. (2002), 'An analysis of capital structure and investment policies: Evidence from corporate divestitures'. forthcoming in Journal of Business.
    • (2002) Journal of Business
    • Dittmar, A.K.1
  • 73
    • 0038971147 scopus 로고
    • On the interaction of real and financial decisions of the firm under uncertainty
    • Dotan, A. and S. A. Ravid (1985), 'On the interaction of real and financial decisions of the firm under uncertainty'. Journal of Finance 40, 501-517.
    • (1985) Journal of Finance , vol.40 , pp. 501-517
    • Dotan, A.1    Ravid, S.A.2
  • 75
    • 0000755878 scopus 로고
    • Valuation effects of corporate debt offerings
    • Eckbo, E. (1986), 'Valuation effects of corporate debt offerings'. Journal of Financial Economics 15, 119-151.
    • (1986) Journal of Financial Economics , vol.15 , pp. 119-151
    • Eckbo, E.1
  • 77
    • 0001956457 scopus 로고
    • Marginal stockholder tax rates and the clientele effect
    • Elton, E. J. and M. J. Gruber (1970), 'Marginal stockholder tax rates and the clientele effect'. Review of Economics and Statistics 52, 68-74.
    • (1970) Review of Economics and Statistics , vol.52 , pp. 68-74
    • Elton, E.J.1    Gruber, M.J.2
  • 78
    • 84986514197 scopus 로고
    • Tax-timing options, leverage, and the choice of corporate form
    • Emery, D., W. Lewellen, and D. Mauer (1988), 'Tax-timing options, leverage, and the choice of corporate form'. Journal of Financial Research 11, 99-110.
    • (1988) Journal of Financial Research , vol.11 , pp. 99-110
    • Emery, D.1    Lewellen, W.2    Mauer, D.3
  • 80
    • 0032271683 scopus 로고    scopus 로고
    • The effect of taxes on the structure of corporate acquisitions
    • Erickson, M. (1998), 'The effect of taxes on the structure of corporate acquisitions'. Journal of Accounting Research 36, 279-298. (Pubitemid 128506143)
    • (1998) Journal of Accounting Research , vol.36 , Issue.2 , pp. 279-298
    • Erickson, M.1
  • 81
    • 0032344725 scopus 로고    scopus 로고
    • Implicit taxes in high dividend yield stocks
    • Erickson, M. and E. Maydew (1998), 'Implicit taxes in high dividend yield stocks'. Accounting Review 73, 435-458.
    • (1998) Accounting Review , vol.73 , pp. 435-458
    • Erickson, M.1    Maydew, E.2
  • 82
    • 0013501931 scopus 로고    scopus 로고
    • The effect of transaction structure on price: Evidence from subsidiary sales
    • Erickson, M. and S. Wang (2000), 'The effect of transaction structure on price: Evidence from subsidiary sales'. Journal of Accounting and Economics 30, 59-97.
    • (2000) Journal of Accounting and Economics , vol.30 , pp. 59-97
    • Erickson, M.1    Wang, S.2
  • 84
    • 0040428385 scopus 로고    scopus 로고
    • The impact of contingent liability on commercial bank risk taking
    • PII S0304405X97000433
    • Esty, B. (1998), 'The impact of contingent liability on commercial bank risk taking'. Journal of Financial Economics 47, 189-218. (Pubitemid 128342897)
    • (1998) Journal of Financial Economics , vol.47 , Issue.2 , pp. 189-218
    • Esty, B.C.1
  • 85
    • 84868378765 scopus 로고    scopus 로고
    • Harvard Business School. case study No 200-039, Rev. 3/27/01
    • Esty, B., F. Qureshi, and W. Olson (2000), 'Iridium LLC'. Harvard Business School. case study No. 200-039, Rev. 3/27/01.
    • (2000) Iridium LLC
    • Esty, B.1    Qureshi, F.2    Olson, W.3
  • 86
    • 0038694468 scopus 로고    scopus 로고
    • Taxes, financing decisions, and firm value
    • Fama, E. F. and K. R. French (1998), 'Taxes, financing decisions, and firm value'. Journal of Finance 53(3), 819-43. (Pubitemid 128339623)
    • (1998) Journal of Finance , vol.53 , Issue.3 , pp. 819-843
    • Fama, E.F.1    French, K.R.2
  • 87
    • 0036116031 scopus 로고    scopus 로고
    • Testing trade-off and pecking order predictions about dividends and debt
    • Fama, E. F. and K. R. French (2001), 'Testing trade-off and peckingorder predictions about dividends and debt'. Review of Financial Studies 15, 1-33. (Pubitemid 37496120)
    • (2002) Review of Financial Studies , vol.15 , Issue.1 , pp. 1-33
    • Fama, E.F.1    French, K.R.2
  • 88
    • 0001546513 scopus 로고
    • Taxes, corporate policy, and return to investors
    • Farrar, D. and L. Selwyn (1967), 'Taxes, corporate policy, and return to investors'. National Tax Journal 20, 444-454.
    • (1967) National Tax Journal , vol.20 , pp. 444-454
    • Farrar, D.1    Selwyn, L.2
  • 89
    • 0036230052 scopus 로고    scopus 로고
    • Ex-day behavior when investors and professional traders assume reverse roles - The case of danish lottery bonds
    • Florentsen, B. and K. Rydqvist (2002), 'Ex-day behavior when investors and professional traders assume reverse roles- the case of danish lottery bonds'. Journal of Financial Intermediation 11, 152-175.
    • (2002) Journal of Financial Intermediation , vol.11 , pp. 152-175
    • Florentsen, B.1    Rydqvist, K.2
  • 90
    • 0039403114 scopus 로고    scopus 로고
    • Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes
    • PII S0304405X97800530
    • Frank, M. and R. Jagannathan (1998), 'Why do stock prices drop by less than the value of the dividend?: evidence from a country without taxes'. Journal of Financial Economics 47, 161-188. (Pubitemid 128342896)
    • (1998) Journal of Financial Economics , vol.47 , Issue.2 , pp. 161-188
    • Frank, M.1    Jagannathan, R.2
  • 91
    • 0036026433 scopus 로고    scopus 로고
    • The impact of taxes on corporate defined benefit plan asset allocation
    • Frank, M. M. (2002), 'The impact of taxes on corporate defined benefit plan asset allocation'. Journal of Accounting Research 40, 1163-1190.
    • (2002) Journal of Accounting Research , vol.40 , pp. 1163-1190
    • Frank, M.M.1
  • 92
    • 0010095062 scopus 로고
    • Interest allocation rules, financing patterns, and the operations of U.S. multinationals
    • M. Feldstein, James Hines, and R. G. Hubbard (eds.), University of Chicago Press
    • Froot, K. and J. Hines (1995), 'Interest allocation rules, financing patterns, and the operations of U.S. multinationals'. In: M. Feldstein, James Hines, and R. G. Hubbard (eds.): The Effects of Taxation on Multinational Corporations, University of Chicago Press.
    • (1995) The Effects of Taxation on Multinational Corporations
    • Froot, K.1    Hines, J.2
  • 93
    • 84993843447 scopus 로고
    • Risk management: Coordinating corporate investment and financing policies
    • Froot, K., D. Scharfstein, and J. Stein (1993), 'Risk management: Coordinating corporate investment and financing policies'. Journal of Finance 48, 1629-1658.
    • (1993) Journal of Finance , vol.48 , pp. 1629-1658
    • Froot, K.1    Scharfstein, D.2    Stein, J.3
  • 94
    • 84868367833 scopus 로고    scopus 로고
    • Equity security investments: Evidence on taxinduced dividend clienteles
    • Geisler, F. (1999), 'Equity security investments: Evidence on taxinduced dividend clienteles'. Journal of American Taxation Association 22(1), 1-17.
    • (1999) Journal of American Taxation Association , vol.22 , Issue.1 , pp. 1-17
    • Geisler, F.1
  • 95
    • 0005971306 scopus 로고    scopus 로고
    • Transactions costs and capital structure choice: Evidence from financially distressed firm
    • Gilson, S. C. (1997), 'Transactions costs and capital structure choice: evidence from financially distressed firm'. Journal of Finance 52, 111-133.
    • (1997) Journal of Finance , vol.52 , pp. 111-133
    • Gilson, S.C.1
  • 96
    • 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. H. 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.H.4
  • 97
    • 18044403859 scopus 로고    scopus 로고
    • An EBIT-based model of dynamic capital structure
    • DOI 10.1086/322893
    • Goldstein, R., N. Ju, and H. Leland (2001), 'An EBIT-based model of dynamic capital structure'. Journal of Business 74, 483-512. (Pubitemid 33357091)
    • (2001) Journal of Business , vol.74 , Issue.4 , pp. 483-512
    • Goldstein, R.1    Ju, N.2    Leland, H.3
  • 99
    • 0011314024 scopus 로고
    • Effects of the tax reform act of 1986 on corporate financial policy and organizational form
    • J. Slemrod (ed.), (MIT Press, Cambridge)
    • Gordon, R. H. and J. K. MacKie-Mason (1990), 'Effects of the tax reform act of 1986 on corporate financial policy and organizational form'. In: J. Slemrod (ed.): Do Taxes Matter?, pp. 91-131, (MIT Press, Cambridge).
    • (1990) Do Taxes Matter? , pp. 91-131
    • Gordon, R.H.1    MacKie-Mason, J.K.2
  • 100
    • 0001120538 scopus 로고
    • Tax distortions to the choice of organizational form
    • Gordon, R. H. and J. K. MacKie-Mason (1994), 'Tax distortions to the choice of organizational form'. Journal of Public Economics 55, 279-306.
    • (1994) Journal of Public Economics , vol.55 , pp. 279-306
    • Gordon, R.H.1    MacKie-Mason, J.K.2
  • 101
    • 0039862117 scopus 로고    scopus 로고
    • How much do taxes discourage incorporation?
    • Gordon, R. H. and J. K. MacKie-Mason (1997), 'How much do taxes discourage incorporation?'. Journal of Finance 52(2), 477-505. (Pubitemid 127344395)
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 477-505
    • MacKie-Mason, J.K.1    Gordon, R.H.2
  • 103
  • 104
    • 0030269260 scopus 로고    scopus 로고
    • Proxies for the marginal tax rate
    • Graham, J. R. (1996b), 'Proxies for the marginal tax rate'. Journal of Financial Economics 42, 187-221.
    • (1996) Journal of Financial Economics , vol.42 , pp. 187-221
    • Graham, J.R.1
  • 105
    • 0000361825 scopus 로고    scopus 로고
    • Do personal taxes affect corporate financing decisions?
    • Graham, J. R. (1999), 'Do personal taxes affect corporate financing decisions?'. Journal of Public Economics 73, 147-185.
    • (1999) Journal of Public Economics , vol.73 , pp. 147-185
    • Graham, J.R.1
  • 106
    • 0040362553 scopus 로고    scopus 로고
    • How big are the tax benefits of debt?
    • Graham, J. R. (2000), 'How big are the tax benefits of debt?'. Journal of Finance 55, 1901-1941.
    • (2000) Journal of Finance , vol.55 , pp. 1901-1941
    • Graham, J.R.1
  • 108
    • 0344436678 scopus 로고    scopus 로고
    • Taxes and corporate finance: A review
    • Graham, J. R. (2003), 'Taxes and corporate finance: A review'. Review of Financial Studies 16, 1074-1128.
    • (2003) Review of Financial Studies , vol.16 , pp. 1074-1128
    • Graham, J.R.1
  • 110
    • 0000318873 scopus 로고    scopus 로고
    • The theory and practice of corporate finance: Evidence from the field
    • DOI 10.1016/S0304-405X(01)00044-7, PII S0304405X01000447
    • Graham, J. R. and C. Harvey (2001), 'The theory and practice of corporate finance: Evidence from the field'. Journal of Financial Economics 60, 187-243. (Pubitemid 33623432)
    • (2001) Journal of Financial Economics , vol.60 , Issue.2-3 , pp. 187-243
    • Graham, J.R.1    Harvey, C.R.2
  • 112
    • 33745728776 scopus 로고    scopus 로고
    • Do dividend clienteles exist? Evidence on dividend preferences of retail investors
    • DOI 10.1111/j.1540-6261.2006.00873.x
    • Graham, J. R. and A. Kumar (2006), 'Do dividend clienteles exist? evidence on dividend preferences of retail investors'. Journal of Finance 61, 1305-1336. (Pubitemid 44001314)
    • (2006) Journal of Finance , vol.61 , Issue.3 , pp. 1305-1336
    • Graham, J.R.1    Kumar, A.2
  • 113
    • 4344573444 scopus 로고    scopus 로고
    • Employee stock options, corporate taxes, and debt policy
    • DOI 10.1111/j.1540-6261.2004.00673.x
    • Graham, J. R., M. Lang, and D. Shackelford (2004), 'Employee stock options, corporate taxes and debt policy'. Journal of Finance 59, 1585-1618. (Pubitemid 39137802)
    • (2004) Journal of Finance , vol.59 , Issue.4 , pp. 1585-1618
    • Graham, J.R.1    Lang, M.H.2    Shackelford, D.A.3
  • 114
    • 0040844857 scopus 로고    scopus 로고
    • Debt, leases, taxes, and the endogeneity of corporate tax status
    • Graham, J. R., M. Lemmon, and J. Schallheim (1998), 'Debt, leases, taxes, and the endogeneity of corporate tax status'. Journal of Finance 53, 131-162.
    • (1998) Journal of Finance , vol.53 , pp. 131-162
    • Graham, J.R.1    Lemmon, M.2    Schallheim, J.3
  • 115
    • 0344100134 scopus 로고    scopus 로고
    • Do price discreteness and transactions costs affect stock returns? Comparing ex-dividend pricing before and after decimalization
    • Graham, J. R., R. Michaely, and M. Roberts (2003), 'Do price discreteness and transactions costs affect stock returns? Comparing ex-dividend pricing before and after decimalization'. Journal of Finance 58, 2613-2637.
    • (2003) Journal of Finance , vol.58 , pp. 2613-2637
    • Graham, J.R.1    Michaely, R.2    Roberts, M.3
  • 116
    • 0043095575 scopus 로고    scopus 로고
    • Do firms hedge in response to tax incentives?
    • Graham, J. R. and D. Rogers (2001), 'Do firms hedge in response to tax incentives?'. Journal of Finance 57, 815-839.
    • (2001) Journal of Finance , vol.57 , pp. 815-839
    • Graham, J.R.1    Rogers, D.2
  • 117
  • 119
    • 21144459836 scopus 로고
    • A simple model of the taxable and tax-exempt yield curves
    • Green, R. C. (1993), 'A simple model of the taxable and tax-exempt yield curves'. Review of Financial Studies 6, 233-264.
    • (1993) Review of Financial Studies , vol.6 , pp. 233-264
    • Green, R.C.1
  • 120
    • 0037293718 scopus 로고    scopus 로고
    • The personal-tax advantages of equity
    • DOI 10.1016/S0304-405X(02)00246-5, PII S0304405X02002465
    • Green, R. C. and B. Hollifield (2003), 'The personal-tax advantages of equity'. Journal of Financial Economics 67, 175-216. (Pubitemid 36034951)
    • (2003) Journal of Financial Economics , vol.67 , Issue.2 , pp. 175-216
    • Green, R.C.1    Hollifield, B.2
  • 121
    • 0008833986 scopus 로고    scopus 로고
    • Ex-Day behavior with dividend preference and limitations to short-term arbitrage: The case of swedish lottery bonds
    • Green, R. C. and K. Rydqvist (1999), 'Ex-Day behavior with dividend preference and limitations to short-term arbitrage: The case of swedish lottery bonds'. Journal of Financial Economics 53, 145-187.
    • (1999) Journal of Financial Economics , vol.53 , pp. 145-187
    • Green, R.C.1    Rydqvist, K.2
  • 123
    • 0011308259 scopus 로고    scopus 로고
    • Taxes and the division of foreign operating income among royalties, interest, dividends and retained earnings
    • PII S0047272797000777
    • Grubert, H. (1998), 'Taxes and the division of foreign operating income among royalties, interest, dividends and retained earnings'. Journal of Public Economics 68(2), 269-290. (Pubitemid 128342949)
    • (1998) Journal of Public Economics , vol.68 , Issue.2 , pp. 269-290
    • Grubert, H.1
  • 125
    • 0039470461 scopus 로고    scopus 로고
    • The determinants of the maturity of corporate debt issues
    • Guedes, J. and T. Opler (1996), 'The determinants of the maturity structure of corporate debt issues'. Journal of Finance 51, 1809-1833. (Pubitemid 126315010)
    • (1996) Journal of Finance , vol.51 , Issue.5 , pp. 1809-1833
    • Guedes, J.1    Opler, T.2
  • 126
    • 0002870929 scopus 로고
    • Taxes and organizational form: A comparison of corporations and master limited partnerships
    • Guenther, J. A. (1992), 'Taxes and organizational form: A comparison of corporations and master limited partnerships'. The Accounting Review 67, 17.
    • (1992) The Accounting Review , vol.67 , pp. 17
    • Guenther, J.A.1
  • 127
    • 0038857884 scopus 로고    scopus 로고
    • The taxation of executive compensation
    • J. Poterba (ed.), Cambridge, Massachusetts, MIT Press
    • Hall, B. and J. Liebman (2000), 'The taxation of executive compensation'. In: J. Poterba (ed.): Tax Policy and the Economy, Vol. 14, Cambridge, Massachusetts, MIT Press.
    • (2000) Tax Policy and the Economy , vol.14
    • Hall, B.1    Liebman, J.2
  • 129
    • 77249133048 scopus 로고    scopus 로고
    • Accounting for tax benefits of employee stock options and implications for research
    • Hanlon, M. and T. Shevlin (2002), 'Accounting for tax benefits of employee stock options and implications for research'. Accounting Horizons 16, 1-16.
    • (2002) Accounting Horizons , vol.16 , pp. 1-16
    • Hanlon, M.1    Shevlin, T.2
  • 130
    • 0033235110 scopus 로고    scopus 로고
    • Dividend taxation in firm valuation: New evidence
    • Harris, T. and D. Kemsley (1999), 'Dividend taxation in firm valuation: New evidence'. Journal of Accounting Research 37, 275-291.
    • (1999) Journal of Accounting Research , vol.37 , pp. 275-291
    • Harris, T.1    Kemsley, D.2
  • 134
    • 19944408944 scopus 로고    scopus 로고
    • Debt dynamics
    • DOI 10.1111/j.1540-6261.2005.00758.x
    • Hennessey, C. A. and T. M. Whited (2005), 'Debt Dynamics'. Journal of Finance 60, 1129-1165. (Pubitemid 40758676)
    • (2005) Journal of Finance , vol.60 , Issue.3 , pp. 1129-1165
    • Hennessy, C.A.1    Whited, T.M.2
  • 135
    • 0039691980 scopus 로고
    • Taxes, technology, transfer, and the R & D activities of multinational firms
    • M. Feldstein, J. R. Hines, and R. Glenn Hubbard (eds.), Chicago: University of Chicago Press
    • Hines, J. R. (1995), 'Taxes, technology, transfer, and the R & D activities of multinational firms'. In: M. Feldstein, J. R. Hines, and R. Glenn Hubbard (eds.): The Effect of Taxation on Multinational Corporations, pp. 225-248, Chicago: University of Chicago Press.
    • (1995) The Effect of Taxation on Multinational Corporations , pp. 225-248
    • Hines, J.R.1
  • 136
    • 0030418384 scopus 로고    scopus 로고
    • Altered states: Taxes and the location of foreign direct investment in America
    • Hines, J. R. (1996), 'Altered states: Taxes and the location of FDI in america'. American Economic Review 86, 1076-94. (Pubitemid 27307653)
    • (1996) American Economic Review , vol.86 , Issue.5 , pp. 1076-1094
    • Hines Jr., J.R.1
  • 137
    • 0003029091 scopus 로고
    • Coming home to america: Dividend repatriations by U.S. multinationals
    • A. Razin and Joel Slemrod (eds.), The University of Chicago Press
    • Hines, J. R. and R. G. Hubbard (1990), 'Coming home to america: Dividend repatriations by U.S. multinationals'. In: A. Razin and Joel Slemrod (eds.): Taxation in the Global Economy, The University of Chicago Press.
    • (1990) Taxation in the Global Economy
    • Hines, J.R.1    Hubbard, R.G.2
  • 138
    • 0037289423 scopus 로고    scopus 로고
    • The influence of tax and nontax factors on banks' choice of organizational form
    • Hodder, L., M. L. McAnally, and C. D. Weaver (2003), 'The influence of tax and non-tax factors on the organizational form of banks'. Accounting Review 78, 297-325. (Pubitemid 36263666)
    • (2003) Accounting Review , vol.78 , Issue.1 , pp. 297-325
    • Hodder, L.1    McAnally, M.L.2    Weaver, C.D.3
  • 140
    • 0007284573 scopus 로고    scopus 로고
    • Tax planning and the exercise of employee stock options
    • Huddart, S. (1998), 'Tax planning and the exercise of employee stock options'. Contemporary Accounting Research 15(2), 203-216. (Pubitemid 128541020)
    • (1998) Contemporary Accounting Research , vol.15 , Issue.2 , pp. 203-216
    • Huddart, S.1
  • 141
    • 0039604696 scopus 로고    scopus 로고
    • Raising capital using monthlyincome preferred stock: Market reaction and implications for capitalstructure theory
    • Irvine, P. and J. Rosenfeld (2000), 'Raising capital using monthlyincome preferred stock: Market reaction and implications for capitalstructure theory'. Financial Management 29(2), 5-20.
    • (2000) Financial Management , vol.29 , Issue.2 , pp. 5-20
    • Irvine, P.1    Rosenfeld, J.2
  • 142
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • Jensen, M. and W. Meckling (1976), 'Theory of the firm: Managerial behavior, agency costs, and ownership structure'. Journal of Financial Economics 7, 305-360.
    • (1976) Journal of Financial Economics , vol.7 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 144
    • 0039012082 scopus 로고    scopus 로고
    • Reduction of constraints on arbitrage trading and market efficiency: An examination of ex-day returns in Hong Kong after introduction of electronic settlement
    • Kadapakkam, P. (2000), 'Reduction of constraints on arbitrage trading and market efficiency: An examination of ex-day returns in Hong Kong after introduction of electronic settlement'. The Journal of Finance 55, 2841-2861.
    • (2000) The Journal of Finance , vol.55 , pp. 2841-2861
    • Kadapakkam, P.1
  • 145
    • 15844377603 scopus 로고    scopus 로고
    • Firm performance, capital structure, and the tax benefits of employee stock options
    • Kahle, K. and K. Shastri (2005), 'Firm performance, capital structure and the tax benefits of employee stock options'. Journal of Financial and Quantitative Analysis 40, 135-160. (Pubitemid 40427501)
    • (2005) Journal of Financial and Quantitative Analysis , vol.40 , Issue.1 , pp. 135-160
    • Kahle, K.M.1    Shastri, K.2
  • 146
    • 0001738870 scopus 로고
    • The ex-dividend behavior of stock prices: A re-examination of the clientele effect
    • Kalay, A. (1982), 'The ex-dividend behavior of stock prices: A re-examination of the clientele effect'. Journal of Finance 37, 1059-1070.
    • (1982) Journal of Finance , vol.37 , pp. 1059-1070
    • Kalay, A.1
  • 147
    • 0040790516 scopus 로고    scopus 로고
    • Dividends and taxes: A re-examination
    • Kalay, A. and R. Michaely (2000), 'Dividends and taxes: A re-examination'. Financial Management 29, 55-75.
    • (2000) Financial Management , vol.29 , pp. 55-75
    • Kalay, A.1    Michaely, R.2
  • 149
    • 84977728066 scopus 로고
    • Management buyouts: Evidence on taxes as a source of value
    • Kaplan, S. (1989), 'Management buyouts: Evidence on taxes as a source of value'. Journal of Finance 44(3), 611-632.
    • (1989) Journal of Finance , vol.44 , Issue.3 , pp. 611-632
    • Kaplan, S.1
  • 150
    • 0043172448 scopus 로고    scopus 로고
    • Valuation of the debt-tax shield
    • Kemsley, D. and D. Nissim (2002), 'Valuation of the debt-tax shield'. Journal of Finance 57, 2045-2073.
    • (2002) Journal of Finance , vol.57 , pp. 2045-2073
    • Kemsley, D.1    Nissim, D.2
  • 151
    • 21844521738 scopus 로고
    • Corporate debt maturity policy and investor tax-timing option: Theory and evidence
    • Kim, C. S., D. C. Maurer, and M. H. Stohs (1995), 'Corporate debt maturity policy and investor tax-timing option: Theory and evidence'. Financial Management 24, 33-45.
    • (1995) Financial Management , vol.24 , pp. 33-45
    • Kim, C.S.1    Maurer, D.C.2    Stohs, M.H.3
  • 152
    • 0345402598 scopus 로고
    • Optimal capital structure in miller's equilibrium
    • S. Bhattacharya and G. Constantinides (eds.), Totowa, NJ: Rowman and Littlefield
    • Kim, E. H. (1989), 'Optimal capital structure in miller's equilibrium'. In: S. Bhattacharya and G. Constantinides (eds.): Financial Markets and Incomplete Information, pp. 36-48, Totowa, NJ: Rowman and Littlefield.
    • (1989) Financial Markets and Incomplete Information , pp. 36-48
    • Kim, E.H.1
  • 153
    • 0043044566 scopus 로고    scopus 로고
    • The impact of financial and tax reporting incentives on option grants to canadian ceos
    • Klassen, K. and A. Mawani (2000), 'The impact of financial and tax reporting incentives on option grants to canadian ceos'. Contemporary Accounting Research 17, 227-262.
    • (2000) Contemporary Accounting Research , vol.17 , pp. 227-262
    • Klassen, K.1    Mawani, A.2
  • 154
    • 0042203005 scopus 로고    scopus 로고
    • The capital gain lock-in effect and long-horizon return reversal
    • DOI 10.1016/S0304-405X(00)00081-7, PII S0304405X00000817
    • Klein, P. (2001), 'The capital gain lock-in effect and long-horizon return reversal'. Journal of Financial Economics 59(1), 33-62. (Pubitemid 33619242)
    • (2001) Journal of Financial Economics , vol.59 , Issue.1 , pp. 33-62
    • Klein, P.1
  • 156
    • 0034399514 scopus 로고    scopus 로고
    • Prices, liquidity, and the information content of trades
    • Koski, J. L. and R. Michaely (2000), 'Prices, liquidity, and the information content of trades'. The Review of Financial Studies 13, 659-696.
    • (2000) The Review of Financial Studies , vol.13 , pp. 659-696
    • Koski, J.L.1    Michaely, R.2
  • 157
    • 0000124595 scopus 로고
    • A state-preference model of optimal financial leverage
    • Kraus, A. and R. H. Litzenberger (1973), 'A state-preference model of optimal financial leverage'. Journal of Finance 28, 911-922.
    • (1973) Journal of Finance , vol.28 , pp. 911-922
    • Kraus, A.1    Litzenberger, R.H.2
  • 159
    • 0011033851 scopus 로고
    • Transfer pricing by multinational manufacturing firms
    • Lall, S. (1973), 'Transfer pricing by multinational manufacturing firms'. Oxford Bulletin of Economics and Statistics 35, 173-195.
    • (1973) Oxford Bulletin of Economics and Statistics , vol.35 , pp. 173-195
    • Lall, S.1
  • 160
    • 0001311572 scopus 로고    scopus 로고
    • Capitalization of capital gains taxes: Evidence from stock price reactions to the 1997 rate reductions
    • Lang, M. and D. Shackelford (2000), 'Capitalization of capital gains taxes: Evidence from stock price reactions to the 1997 rate reductions'. Journal of Public Economics 76, 69-85.
    • (2000) Journal of Public Economics , vol.76 , pp. 69-85
    • Lang, M.1    Shackelford, D.2
  • 161
    • 28244478078 scopus 로고    scopus 로고
    • Do firms rebalance their capital structures?
    • DOI 10.1111/j.1540-6261.2005.00811.x
    • Leary, M. and M. Roberts (2005), 'Do firms rebalance their capital structures?'. Journal of Finance 60, 2575-2619. (Pubitemid 41706357)
    • (2005) Journal of Finance , vol.60 , Issue.6 , pp. 2575-2619
    • Leary, M.T.1    Roberts, M.R.2
  • 163
    • 0002350933 scopus 로고    scopus 로고
    • Agency costs, risk management, and capital structure
    • Leland, H. E. (1998), 'Agency cost, risk management and capital structure'. Journal of Finance 53, 1213-1243. (Pubitemid 128348168)
    • (1998) Journal of Finance , vol.53 , Issue.4 , pp. 1213-1243
    • Leland, H.E.1
  • 164
    • 0000140435 scopus 로고
    • Informational asymmetric, financial structure, and financial intermediation
    • Leland, H. E. and D. H. Pyle (1977), 'Informational asymmetric, financial structure, and financial intermediation'. Journal of Finance 32, 2371-387.
    • (1977) Journal of Finance , vol.32 , pp. 2371-2387
    • Leland, H.E.1    Pyle, D.H.2
  • 168
    • 84977416687 scopus 로고
    • Some direct evidence on the dividend clientele hypothesis
    • Lewellen, W., K. Stanley, R. Lease, and G. Schlarbaum (1978), 'Some direct evidence on the dividend clientele hypothesis'. Journal of Finance 33, 1385-1399.
    • (1978) Journal of Finance , vol.33 , pp. 1385-1399
    • Lewellen, W.1    Stanley, K.2    Lease, R.3    Schlarbaum, G.4
  • 169
    • 84972090728 scopus 로고
    • A multiperiod theory of corporate financial policy under taxation
    • Lewis, C. (1990), 'A multiperiod theory of corporate financial policy under taxation'. Journal of Financial and Quantitative Analysis 25, 25-43.
    • (1990) Journal of Financial and Quantitative Analysis , vol.25 , pp. 25-43
    • Lewis, C.1
  • 170
    • 0033275359 scopus 로고    scopus 로고
    • The role of personal taxes in corporate decisions: An empirical analysis of share repurchases and dividends
    • Lie, E. and H. Lie (1999), 'The role of personal taxes in corporate decisions: An empirical analysis of share repurchases and dividends'. Journal of Financial and Quantitative Analysis 34, 534-552.
    • (1999) Journal of Financial and Quantitative Analysis , vol.34 , pp. 534-552
    • Lie, E.1    Lie, H.2
  • 171
    • 0002744905 scopus 로고
    • Distribution of incomes of corporations among dividends, retained earnings, and taxes
    • Lintner, J. (1956), 'Distribution of incomes of corporations among dividends, retained earnings, and taxes'. American Economic Review 46(2), 97-113.
    • (1956) American Economic Review , vol.46 , Issue.2 , pp. 97-113
    • Lintner, J.1
  • 172
    • 0000525598 scopus 로고
    • The effect of personal taxes and dividends on capital asset prices: Theory and empirical evidence
    • Litzenberger, R. H. and K. Ramaswamy (1979), 'The effect of personal taxes and dividends on capital asset prices: Theory and empirical evidence'. Journal of Financial Economics 7, 163-700.
    • (1979) Journal of Financial Economics , vol.7 , pp. 163-700
    • Litzenberger, R.H.1    Ramaswamy, K.2
  • 173
    • 76649090844 scopus 로고
    • Do taxes affect corporate financing decisions?
    • MacKie-Mason, J. K. (1990), 'Do taxes affect corporate financing decisions?'. Journal of Finance 45(5), 1471-1493.
    • (1990) Journal of Finance , vol.45 , Issue.5 , pp. 1471-1493
    • MacKie-Mason, J.K.1
  • 174
    • 0344540177 scopus 로고
    • The effect of taxes on switching stock option plans: Evidence from the tax reform act of 1969
    • Madeo, S. and T. Omer (1994), 'The effect of taxes on switching stock option plans: Evidence from the tax reform act of 1969'. Journal of the American Taxation Association 16, 24-42. (Fall).
    • (1994) Journal of the American Taxation Association , vol.16 , Issue.FALL , pp. 24-42
    • Madeo, S.1    Omer, T.2
  • 175
    • 0003592283 scopus 로고    scopus 로고
    • Stock market yields and the pricing of municipal bounds
    • Mankiw, N. G. and J. M. Poterba (1996), 'Stock market yields and the pricing of municipal bounds'. NBER working paper 5607.
    • (1996) NBER Working Paper , vol.5607
    • Mankiw, N.G.1    Poterba, J.M.2
  • 176
    • 0000053965 scopus 로고
    • Stock repurchase by tender offer: An analysis of the causes of common stock price changes
    • Masulis, R. W. (1980), 'Stock repurchase by tender offer: An analysis of the causes of common stock price changes'. Journal of Finance 35, 305-319.
    • (1980) Journal of Finance , vol.35 , pp. 305-319
    • Masulis, R.W.1
  • 177
    • 0008012683 scopus 로고
    • The Impact of capital structure change on firm value: Some estimates
    • Masulis, R. W. (1983), 'The Impact of capital structure change on firm value: Some estimates'. Journal of Finance 38, 107-126.
    • (1983) Journal of Finance , vol.38 , pp. 107-126
    • Masulis, R.W.1
  • 178
    • 0009903934 scopus 로고
    • Seasoned equity offerings: An empirical investigation
    • Masulis, R. W. and A. Korwar (1986), 'Seasoned equity offerings: An empirical investigation'. Journal of Financial Economics 15, 91-118.
    • (1986) Journal of Financial Economics , vol.15 , pp. 91-118
    • Masulis, R.W.1    Korwar, A.2
  • 179
    • 21144468247 scopus 로고
    • Disqualifying dispositions of incentive stock options: Tax benefits versus financial reporting costs
    • Matsunaga, S., T. Shevlin, and D. Shores (1992), 'Disqualifying dispositions of incentive stock options: Tax benefits versus financial reporting costs'. Journal of Accounting Research 30, 37-76. (Supplement).
    • (1992) Journal of Accounting Research , vol.30 , Issue.SUPPL. , pp. 37-76
    • Matsunaga, S.1    Shevlin, T.2    Shores, D.3
  • 181
    • 0035619881 scopus 로고    scopus 로고
    • Cross-border investing with tax arbitrage: The case of german dividend tax credits
    • McDonald, R. (2001), 'Cross-border investing with tax arbitrage: The case of german dividend tax credits'. Review of Financial Studies 14, 617-657. (Pubitemid 33587393)
    • (2001) Review of Financial Studies , vol.14 , Issue.3 , pp. 617-657
    • McDonald, R.L.1
  • 182
    • 0344702682 scopus 로고    scopus 로고
    • The tax (dis)advantage of a firm issuing options on its own stock
    • DOI 10.1016/S0047-2727(03)00043-4, PII S0047272703000434
    • McDonald, R. L. (2004), 'The tax (dis)advantage of a firm issuing options on its own stock'. Journal of Public Economics 88, 925-955. (Pubitemid 37501385)
    • (2004) Journal of Public Economics , vol.88 , Issue.5 , pp. 925-955
    • McDonald, R.L.1
  • 183
    • 84977732954 scopus 로고
    • Ex-dividend day stock price behavior: The case of the 1986 tax reform act
    • Michaely, R. (1991), 'Ex-dividend day stock price behavior: The case of the 1986 tax reform act'. Journal of Finance 46(3), 845-860.
    • (1991) Journal of Finance , vol.46 , Issue.3 , pp. 845-860
    • Michaely, R.1
  • 184
    • 84974505721 scopus 로고
    • Investors' heterogeneity, and volume around the ex-dividend day
    • Michaely, R. and J. Vila (1995), 'Investors' heterogeneity, and volume around the ex-dividend day'. Journal of Finance and Quantitative Analysis 30(2), 171-198.
    • (1995) Journal of Finance and Quantitative Analysis , vol.30 , Issue.2 , pp. 171-198
    • Michaely, R.1    Vila, J.2
  • 185
    • 0030268348 scopus 로고    scopus 로고
    • A model of trading volume with tax-induced heterogeneous valuation and transaction costs
    • DOI 10.1006/jfin.1996.0020
    • Michaely, R., J. Vila, and J. Wang (1996), 'A model of trading volume with tax-induced heterogeneous valuation and transaction costs'. Journal of Financial Intermediation 5, 340-371. (Pubitemid 126160536)
    • (1996) Journal of Financial Intermediation , vol.5 , Issue.4 , pp. 340-371
    • Michaely, R.1    Vila, J.-L.2    Wang, J.3
  • 186
    • 0347211610 scopus 로고    scopus 로고
    • Trading volume with private valuation: Evidence from the ex-dividend day
    • Michaely, R. and J.-L. Vila (1996), 'Trading volume with private valuations: Evidence from the ex-dividend day'. Review of Financial Studies 9, 471-510. (Pubitemid 126093799)
    • (1996) Review of Financial Studies , vol.9 , Issue.2 , pp. 471-510
    • Michaely, R.1    Vila, J.-L.2
  • 187
    • 33747078364 scopus 로고
    • Valuation effects on security offerings and the issuance process
    • Mikkelson, W. and M. Partch (1986), 'Valuation effects on security offerings and the issuance process'. Journal of Financial Economics 15, 31-60.
    • (1986) Journal of Financial Economics , vol.15 , pp. 31-60
    • Mikkelson, W.1    Partch, M.2
  • 188
    • 0009937099 scopus 로고
    • Reformulating tax shield valuation: A note
    • Miles, J. and J. Ezzell (1985), 'Reformulating tax shield valuation: A note'. Journal of Finance 40, 1485-1492.
    • (1985) Journal of Finance , vol.40 , pp. 1485-1492
    • Miles, J.1    Ezzell, J.2
  • 189
    • 0001699517 scopus 로고
    • Dividend policy, growth and the value of the firm
    • Miller, M. and F. Modigliani (1961), 'Dividend policy, growth and the value of the firm'. Journal of Business 34, 411-433.
    • (1961) Journal of Business , vol.34 , pp. 411-433
    • Miller, M.1    Modigliani, F.2
  • 190
    • 84944072660 scopus 로고
    • Debt and taxes
    • Miller, M. H. (1977), 'Debt and taxes'. Journal of Finance 32, 261-275.
    • (1977) Journal of Finance , vol.32 , pp. 261-275
    • Miller, M.H.1
  • 192
    • 0010027377 scopus 로고    scopus 로고
    • The influence of tax and non-tax costs on book-tax reporting differences: Public and private firms
    • Mills, L. and K. Newberry (2001), 'The influence of tax and non-tax costs on book-tax reporting differences: Public and private firms'. Journal of the American Taxation Association 23, 1-19.
    • (2001) Journal of the American Taxation Association , vol.23 , pp. 1-19
    • Mills, L.1    Newberry, K.2
  • 194
    • 0000294096 scopus 로고
    • The cost of capital, corporation finance and the theory of investment
    • Modigliani, F. and M. H. Miller (1985), 'The cost of capital, corporation finance and the theory of investment'. The American Economic Review 48, 261-297.
    • (1985) The American Economic Review , vol.48 , pp. 261-297
    • Modigliani, F.1    Miller, M.H.2
  • 195
    • 0001042527 scopus 로고    scopus 로고
    • Executive compensation
    • O. Ashefelter and D. Card (eds.), North-Holland, Amsterdam
    • Murphy, K. (1999), 'Executive compensation'. In: O. Ashefelter and D. Card (eds.): Handbook of Labor Economics, Vol. 3, North-Holland, Amsterdam.
    • (1999) Handbook of Labor Economics , vol.3
    • Murphy, K.1
  • 197
    • 0000481493 scopus 로고
    • Determinants of corporate borrowing
    • Myers, S. C. (1977), 'Determinants of corporate borrowing'. Journal of Financial Economics 3, 799-819.
    • (1977) Journal of Financial Economics , vol.3 , pp. 799-819
    • Myers, S.C.1
  • 198
    • 84944830772 scopus 로고
    • The capital structure puzzle
    • Myers, S. C. (1984), 'The capital structure puzzle'. Journal of Finance 39, 575-592.
    • (1984) Journal of Finance , vol.39 , pp. 575-592
    • Myers, S.C.1
  • 199
    • 0010155339 scopus 로고
    • Still searching for the optimal capital structure
    • Myers, S. C. (1993), 'Still searching for the optimal capital structure'. Journal of Applied Corporate Finance 6, 4-14.
    • (1993) Journal of Applied Corporate Finance , vol.6 , pp. 4-14
    • Myers, S.C.1
  • 200
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • Myers, S. C. and N. S. Majluf (1984), 'Corporate financing and investment decisions when firms have information that investors do not have'. Journal of Financial Economics 13, 187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.C.1    Majluf, N.S.2
  • 203
    • 0032220503 scopus 로고    scopus 로고
    • Foreign tax credit limitations and capital structure decisions
    • Newberry, K. (1998), 'Foreign tax credit limitations and capital structure decisions'. Journal of Accounting Research 36, 157-66.
    • (1998) Journal of Accounting Research , vol.36 , pp. 157-166
    • Newberry, K.1
  • 204
    • 0035731714 scopus 로고    scopus 로고
    • Cross-jurisdictional income shifting by U.S. multinationals: Evidence from international bond offerings
    • Newberry, K. and D. S. Dhaliwal (2001), 'Cross-jurisdictional income shifting by U.S. multinationals: Evidence from international bond offerings'. Journal of Accounting Research 39, 643-62. (Pubitemid 33592238)
    • (2001) Journal of Accounting Research , vol.39 , Issue.3 , pp. 643-662
    • Newberry, K.J.1    Dhaliwal, D.S.2
  • 205
    • 34247888608 scopus 로고    scopus 로고
    • The effect of taxes on corporate debt maturity decisions: An analysis of public and private bond offerings
    • Newberry, K. J. and G. F. Novack (1999), 'The effect of taxes on corporate debt maturity decisions: An analysis of public and private bond offerings'. Journal of the American Taxation Association 21(2).
    • (1999) Journal of the American Taxation Association , vol.21 , Issue.2
    • Newberry, K.J.1    Novack, G.F.2
  • 207
    • 0012235377 scopus 로고    scopus 로고
    • Measuring investment distortions arising from stockholder-bondholder conflicts
    • Parrino, R. and M.Weisbach (1999), 'Measuring investment distortions arising from stockholder-bondholder conflicts'. Journal of Financial Economics 53, 3-42.
    • (1999) Journal of Financial Economics , vol.53 , pp. 3-42
    • Parrino, R.1    Weisbach, M.2
  • 209
    • 0009142896 scopus 로고
    • Taxes, transaction costs and the clientele effect of taxes
    • Pettit, R. R. (1977), 'Taxes, transaction costs and the clientele effect of taxes'. Journal of Financial Economics 8, 419-436.
    • (1977) Journal of Financial Economics , vol.8 , pp. 419-436
    • Pettit, R.R.1
  • 210
    • 0036003615 scopus 로고    scopus 로고
    • The interaction between accrual management and hedging: Evidence from oil and gas firms
    • Pincus, M. and R. Rajgopal (2002), 'The interaction between accrual management and hedging: Evidence from oil and gas firms'. The Accounting Review 77, 127-160.
    • (2002) The Accounting Review , vol.77 , pp. 127-160
    • Pincus, M.1    Rajgopal, R.2
  • 211
    • 0042821260 scopus 로고
    • The impact of preferredfor- common exchange offers on firm value
    • Pinegar, M. J. and R. C. Lease (1986), 'The impact of preferredfor- common exchange offers on firm value'. Journal of Finance 41, 795-814.
    • (1986) Journal of Finance , vol.41 , pp. 795-814
    • Pinegar, M.J.1    Lease, R.C.2
  • 212
    • 0344540174 scopus 로고    scopus 로고
    • The influence of firm maturation on firms' rate of adjustment to their optimal capital structures
    • Pittman, J. and K. Klassen (2001), 'The influence of firm maturation on firms' rate of adjustment to their optimal capital structures'. Journal of the American Taxation Association 23, 70-94.
    • (2001) Journal of the American Taxation Association , vol.23 , pp. 70-94
    • Pittman, J.1    Klassen, K.2
  • 213
    • 0003282896 scopus 로고    scopus 로고
    • An evaluation of alternative measures of corporate tax rates
    • DOI 10.1016/S0165-4101(03)00019-3, PII S0165410103000193
    • Plesko, G. A. (2003), 'An evaluation of alternative measures of corporate tax rates'. Journal of Accounting and Economics 35, 201-226. (Pubitemid 36649712)
    • (2003) Journal of Accounting and Economics , vol.35 , Issue.2 , pp. 201-226
    • Plesko, G.A.1
  • 214
    • 0004457889 scopus 로고
    • Lifetime incidence and the distributional burden of excise taxes
    • Poterba, J. M. (1989), 'Lifetime incidence and the distributional burden of excise taxes'. American Economic Review 79, 325-330.
    • (1989) American Economic Review , vol.79 , pp. 325-330
    • Poterba, J.M.1
  • 215
    • 0012979724 scopus 로고    scopus 로고
    • Taxation and portfolio structure: Issues and implications
    • L. Guiso, M. Haliassos, and T. Jappelli (eds.), Cambridge, Massachusetts, MIT Press
    • Poterba, J. M. (2001), 'Taxation and portfolio structure: issues and implications'. In: L. Guiso, M. Haliassos, and T. Jappelli (eds.): Household Portfolios, Cambridge, Massachusetts, MIT Press.
    • (2001) Household Portfolios
    • Poterba, J.M.1
  • 216
    • 0002026279 scopus 로고
    • The economic effects of dividend taxation
    • E. Altman and M. Subramanyam (eds.), Homewood, Ill: Richard Irwin
    • Poterba, J. M. and L. Summers (1985), 'The Economic Effects of Dividend Taxation'. In: E. Altman and M. Subramanyam (eds.): Recent Advances in Corporate Finance, Homewood, Ill: Richard Irwin.
    • (1985) Recent Advances in Corporate Finance
    • Poterba, J.M.1    Summers, L.2
  • 217
    • 84993839747 scopus 로고
    • What do we know about capital structure? some evidence from international data
    • Rajan, R. G. and L. Zingales (1995), 'What do we know about capital structure choice? Some evidence from international data'. Journal of Finance 50, 1421-1460. (Pubitemid 126007543)
    • (1995) Journal of Finance , vol.50 , Issue.5 , pp. 1421-1460
    • Rajan, R.G.1    Zingales, L.2
  • 219
    • 0017470663 scopus 로고
    • The determination of financial structure: The incentive signaling approach
    • Ross, S. (1977), 'The determination of financial structure: The incentive signaling approach'. Bell Journal of Economics 8, 23-40.
    • (1977) Bell Journal of Economics , vol.8 , pp. 23-40
    • Ross, S.1
  • 220
    • 84868365820 scopus 로고    scopus 로고
    • Unpublished working paper. University of Utah, Salt Lake City, UT
    • Schallheim, J. and K. Wells (2006), 'Are firms really under-levered?'. Unpublished working paper. University of Utah, Salt Lake City, UT.
    • (2006) Are Firms Really Under-levered?
    • Schallheim, J.1    Wells, K.2
  • 221
    • 0002878655 scopus 로고
    • Commentary on earnings management
    • Schipper, K. (1989), 'Commentary on earnings management'. Accounting Horizons 3, 91-102.
    • (1989) Accounting Horizons , vol.3 , pp. 91-102
    • Schipper, K.1
  • 222
    • 0347946549 scopus 로고
    • Firms responses to anticipated reductions in tax rates: The tax reform act of 1986
    • Scholes, M., P. Wilson, and M. Wolfson (1992), 'Firms responses to anticipated reductions in tax rates: The tax reform act of 1986'. Journal of Accounting Research 30, 161-191. (Supplement).
    • (1992) Journal of Accounting Research , vol.30 , Issue.SUPPL. , pp. 161-191
    • Scholes, M.1    Wilson, P.2    Wolfson, M.3
  • 223
    • 0000018965 scopus 로고
    • The effects of changes in tax laws on corporate reorganization activity
    • Scholes, M. and M. Wolfson (1990), 'The effects of changes in tax laws on corporate reorganization activity'. Journal of Business 63, 141-164.
    • (1990) Journal of Business , vol.63 , pp. 141-164
    • Scholes, M.1    Wolfson, M.2
  • 226
    • 38249008322 scopus 로고
    • A direct examination of the dividend clientele hypothesis
    • Scholz, J. (1992), 'A direct examination of the dividend clientele hypothesis'. Journal of Public Economics 49, 261-85.
    • (1992) Journal of Public Economics , vol.49 , pp. 261-285
    • Scholz, J.1
  • 227
    • 0042856593 scopus 로고    scopus 로고
    • Effects of tax integration and capital gains tax on corporate leverage
    • Schulman, C., D. Thomas, K. Sellers, and D. Kennedy (1996), 'Effects of tax integration and capital gains tax on corporate leverage'. National Tax Journal 49, 31-54. (Pubitemid 126421081)
    • (1996) National Tax Journal , vol.49 , Issue.1 , pp. 31-54
    • Schulman, C.T.1    Thomas, D.W.2    Sellers, K.F.3    Kennedy, D.B.4
  • 228
    • 0002736266 scopus 로고
    • A theory of optimal capital structure
    • Scott, J. H. (1976), 'A theory of optimal capital structure'. Bell Journal of Economics 7, 33-54.
    • (1976) Bell Journal of Economics , vol.7 , pp. 33-54
    • Scott, J.H.1
  • 229
    • 0043281991 scopus 로고    scopus 로고
    • Do capital gain tax rate increases affect individual investors' trading decisions
    • Seida, J. and W. Wempe (2000), 'Do capital gain tax rate increases affect individual investors' trading decisions'. The Journal of Accounting & Economics 30(1), 33-57.
    • (2000) The Journal of Accounting & Economics , vol.30 , Issue.1 , pp. 33-57
    • Seida, J.1    Wempe, W.2
  • 230
    • 0000194221 scopus 로고    scopus 로고
    • Empirical tax research in accounting
    • DOI 10.1016/S0165-4101(01)00022-2, PII S0165410101000222
    • Shackelford, D. and T. Shevlin (2001), 'Empirical tax research in accounting'. Journal of Accounting and Economics 31, 321-387. (Pubitemid 33668035)
    • (2001) Journal of Accounting and Economics , vol.31 , Issue.1-3 , pp. 321-387
    • Shackelford, D.A.1    Shevlin, T.2
  • 231
    • 0002249952 scopus 로고
    • The market for tax benefits: Evidence from leveraged ESOPs
    • Shackelford, D. A. (1991), 'The market for tax benefits: Evidence from leveraged ESOPs'. Journal of Accounting and Economics 14, 117- 145.
    • (1991) Journal of Accounting and Economics , vol.14 , pp. 117-145
    • Shackelford, D.A.1
  • 232
    • 0002315435 scopus 로고
    • The nature of information conveyed by pure capital structure changes
    • Shah, K. (1994), 'The nature of information conveyed by pure capital structure changes'. Journal of Financial Economics 36, 89-126.
    • (1994) Journal of Financial Economics , vol.36 , pp. 89-126
    • Shah, K.1
  • 233
    • 33644696598 scopus 로고    scopus 로고
    • Security analyst and stock market efficiency in anticipating tax-motivated income shifting
    • DOI 10.2308/accr.2006.81.1.227
    • Shane, P. and T. Stock (2006), 'Security analyst and stock market efficiency in anticipating tax-motivated income shifting'. The Accounting Review 81, 227-250. (Pubitemid 43332112)
    • (2006) Accounting Review , vol.81 , Issue.1 , pp. 227-250
    • Shane, P.B.1    Stock, T.2
  • 234
    • 0010069619 scopus 로고
    • Capital market imperfection and the incentive to lease
    • Sharpe, S. and H. Nguyen (1995), 'Capital market imperfection and the incentive to lease'. Journal of Financial Economics 39, 271-294.
    • (1995) Journal of Financial Economics , vol.39 , pp. 271-294
    • Sharpe, S.1    Nguyen, H.2
  • 235
    • 0032286353 scopus 로고    scopus 로고
    • Capital restructuring and accounting compliance costs: The case of publicly traded partnerships
    • Shelley, M., T. Omer, and T. J. Atwood (1998), 'Capital restructuring and accounting compliance costs: The case of publicly traded partnerships'. Journal of Accounting Research 36, 365-378. (Pubitemid 128506148)
    • (1998) Journal of Accounting Research , vol.36 , Issue.2 , pp. 365-378
    • Shelley, M.K.1    Omer, T.C.2    Atwood, T.J.3
  • 236
    • 0000587842 scopus 로고
    • Taxes and off-balance sheet financing: Research and development limited partnerships
    • Shevlin, T. (1987), 'Taxes and off-balance sheet financing: Research and development limited partnerships'. The Accounting Review 62, 480-509.
    • (1987) The Accounting Review , vol.62 , pp. 480-509
    • Shevlin, T.1
  • 237
    • 0002279906 scopus 로고
    • Estimating corporate marginal tax rates with asymmetric tax treatment of gains and losses
    • Shevlin, T. (1990), 'Estimating corporate marginal tax rates with asymmetric tax treatment of gains and losses'. The Journal of the American Taxation Association 12, 51-67.
    • (1990) The Journal of the American Taxation Association , vol.12 , pp. 51-67
    • Shevlin, T.1
  • 238
    • 0043071518 scopus 로고    scopus 로고
    • Taxes and corporate debt policy in Canada: An empirical investigation
    • Shum, P. M. (1996), 'Taxes and corporate debt policy in Canada: An empirical investigation'. Canadian Journal of Economics 29, 556-572. (Pubitemid 126545018)
    • (1996) Canadian Journal of Economics , vol.29 , Issue.3 , pp. 556-572
    • Shum, P.M.1
  • 239
    • 0000106113 scopus 로고    scopus 로고
    • Testing static tradeoff against pecking order models of capital structure
    • Shyum-Sunder, L. and S. Myers (1999), 'Testing static tradeoff against pecking order models of capital structure'. Journal of Financial Economics 51, 219-224.
    • (1999) Journal of Financial Economics , vol.51 , pp. 219-224
    • Shyum-Sunder, L.1    Myers, S.2
  • 240
    • 0038045511 scopus 로고
    • Tax-adjusted discount rates
    • Sick, G. A. (1990), 'Tax-adjusted discount rates'. Management Science 36, 1432-1450.
    • (1990) Management Science , vol.36 , pp. 1432-1450
    • Sick, G.A.1
  • 241
    • 0000821256 scopus 로고
    • Determinants of corporate leasing policy
    • Smith, C. and L. M. Wakeman (1985), 'Determinants of corporate leasing policy'. Journal of Finance 40, 895-908.
    • (1985) Journal of Finance , vol.40 , pp. 895-908
    • Smith, C.1    Wakeman, L.M.2
  • 244
    • 0039470546 scopus 로고    scopus 로고
    • The determinants of corporate debt maturity structure
    • Stohs, M. and D. Mauer (1996), 'The determinants of corporate debt maturity structure'. Journal of Business 69, 279-312.
    • (1996) Journal of Business , vol.69 , pp. 279-312
    • Stohs, M.1    Mauer, D.2
  • 246
    • 0347885236 scopus 로고
    • Some tests of the incentive effects of the research and experimentation tax credit
    • Swenson, C. W. (1992), 'Some tests of the incentive effects of the research and experimentation tax credit'. Journal of Public Economics 49, 203-218.
    • (1992) Journal of Public Economics , vol.49 , pp. 203-218
    • Swenson, C.W.1
  • 247
    • 0002763089 scopus 로고
    • Consistent valuation and cost of capital expressions with corporate and personal taxes
    • Taggart, R. (1991), 'Consistent valuation and cost of capital expressions with corporate and personal taxes'. Financial Management 20, 8-20.
    • (1991) Financial Management , vol.20 , pp. 8-20
    • Taggart, R.1
  • 248
    • 70349458434 scopus 로고
    • Taxation and corporate pension funding policy
    • Tepper, I. (1981), 'Taxation and corporate pension funding policy'. Journal of Financial Economics pp. 3-51.
    • (1981) Journal of Financial Economics , pp. 3-51
    • Tepper, I.1
  • 249
    • 38249028730 scopus 로고
    • Corporate taxes and defined benefit pension plans
    • Thomas, J. K. (1988), 'Corporate taxes and defined benefit pension plans'. Journal of Accounting and Economics 10, 199-237.
    • (1988) Journal of Accounting and Economics , vol.10 , pp. 199-237
    • Thomas, J.K.1
  • 250
    • 84977714434 scopus 로고
    • Debt financing and tax status: Tests of the substitution effect and the tax exhaustion hypothesis using firms' responses to the economic recovery tax act of 1981
    • Trezevant, R. (1992), 'Debt financing and tax status: Tests of the substitution effect and the tax exhaustion hypothesis using firms' responses to the economic recovery tax act of 1981'. Journal of Finance 47(4), 1557-1568.
    • (1992) Journal of Finance , vol.47 , Issue.4 , pp. 1557-1568
    • Trezevant, R.1
  • 251
    • 0009169278 scopus 로고    scopus 로고
    • Who manages risk? An empirical examination of risk management practices in the gold mining industry
    • Tufano, P. (1996), 'Who manages risk? An empirical examination of risk management practices in the gold mining industry'. Journal of Finance 51, 1097-1137. (Pubitemid 126312628)
    • (1996) Journal of Finance , vol.51 , Issue.4 , pp. 1097-1137
    • Tufano, P.1
  • 253
    • 0001574842 scopus 로고
    • Bankruptcy costs: Some evidence
    • Warner, J. B. (1977), 'Bankruptcy costs: Some evidence'. Journal of Finance 32, 337-347.
    • (1977) Journal of Finance , vol.32 , pp. 337-347
    • Warner, J.B.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.