Matches in SemOpenAlex for { <https://semopenalex.org/work/W2029408879> ?p ?o ?g. }
- W2029408879 endingPage "28" @default.
- W2029408879 startingPage "1" @default.
- W2029408879 abstract "To estimate the impact of profit taxation on the financial leverage of corporations, this study uses a pseudopanel constructed from comprehensive corporate tax return microdata for the period 1998–2001, which saw the introduction of major corporate tax reform in Germany. Financial leverage refers to the ratio of long-term debt to total capital. The endogeneity of the firm-specific marginal after-financing corporate income tax rate is controlled for by an instrumental variable approach. The instrument for the observed marginal tax rate is the counterfactual tax rate that a corporation would have faced in a particular period had there been no endogenous change, triggered by the tax reform, of its financial leverage and tax base. This counterfactual tax rate is derived from a detailed microsimulation model of the corporate sector, based on tax return microdata. The marginal tax rate has a statistically significant and relatively large positive effect on corporate leverage; for firms reporting positive profits, an increase of the marginal tax rate of 1 % would increase the financial leverage by approximately 0.7 %, on average. The debt ratio is less responsive to tax incentives for small corporations and firms facing high economic risks." @default.
- W2029408879 created "2016-06-24" @default.
- W2029408879 creator A5072737939 @default.
- W2029408879 creator A5082930761 @default.
- W2029408879 date "2012-12-14" @default.
- W2029408879 modified "2023-10-18" @default.
- W2029408879 title "Financial leverage and corporate taxation: evidence from German corporate tax return data" @default.
- W2029408879 cites W1535598729 @default.
- W2029408879 cites W1560052005 @default.
- W2029408879 cites W1964624058 @default.
- W2029408879 cites W1966731067 @default.
- W2029408879 cites W1977366538 @default.
- W2029408879 cites W1992897469 @default.
- W2029408879 cites W2025475190 @default.
- W2029408879 cites W2035110950 @default.
- W2029408879 cites W2037841399 @default.
- W2029408879 cites W2047293690 @default.
- W2029408879 cites W2051786203 @default.
- W2029408879 cites W2058338239 @default.
- W2029408879 cites W2071206222 @default.
- W2029408879 cites W2084051787 @default.
- W2029408879 cites W2095686833 @default.
- W2029408879 cites W2101048856 @default.
- W2029408879 cites W2105972829 @default.
- W2029408879 cites W2106050111 @default.
- W2029408879 cites W2115846503 @default.
- W2029408879 cites W2119483337 @default.
- W2029408879 cites W2121255310 @default.
- W2029408879 cites W2131909092 @default.
- W2029408879 cites W2149580312 @default.
- W2029408879 cites W2151176081 @default.
- W2029408879 cites W2155510966 @default.
- W2029408879 cites W3023980322 @default.
- W2029408879 cites W3024955934 @default.
- W2029408879 cites W3121525878 @default.
- W2029408879 cites W3121819860 @default.
- W2029408879 cites W3122036765 @default.
- W2029408879 cites W3122497925 @default.
- W2029408879 cites W3122647754 @default.
- W2029408879 cites W3123336229 @default.
- W2029408879 cites W3124296889 @default.
- W2029408879 cites W3125128120 @default.
- W2029408879 cites W3125340135 @default.
- W2029408879 cites W3125366981 @default.
- W2029408879 cites W3125649736 @default.
- W2029408879 cites W3125749692 @default.
- W2029408879 cites W3125781839 @default.
- W2029408879 cites W3126066745 @default.
- W2029408879 cites W4229759925 @default.
- W2029408879 cites W4244306790 @default.
- W2029408879 cites W4254827740 @default.
- W2029408879 cites W4361851987 @default.
- W2029408879 cites W591276988 @default.
- W2029408879 cites W602010170 @default.
- W2029408879 doi "https://doi.org/10.1007/s10797-012-9259-3" @default.
- W2029408879 hasPublicationYear "2012" @default.
- W2029408879 type Work @default.
- W2029408879 sameAs 2029408879 @default.
- W2029408879 citedByCount "26" @default.
- W2029408879 countsByYear W20294088792012 @default.
- W2029408879 countsByYear W20294088792013 @default.
- W2029408879 countsByYear W20294088792014 @default.
- W2029408879 countsByYear W20294088792015 @default.
- W2029408879 countsByYear W20294088792016 @default.
- W2029408879 countsByYear W20294088792017 @default.
- W2029408879 countsByYear W20294088792018 @default.
- W2029408879 countsByYear W20294088792019 @default.
- W2029408879 countsByYear W20294088792021 @default.
- W2029408879 countsByYear W20294088792022 @default.
- W2029408879 countsByYear W20294088792023 @default.
- W2029408879 crossrefType "journal-article" @default.
- W2029408879 hasAuthorship W2029408879A5072737939 @default.
- W2029408879 hasAuthorship W2029408879A5082930761 @default.
- W2029408879 hasBestOaLocation W20294088792 @default.
- W2029408879 hasConcept C100001284 @default.
- W2029408879 hasConcept C10138342 @default.
- W2029408879 hasConcept C111326686 @default.
- W2029408879 hasConcept C144133560 @default.
- W2029408879 hasConcept C162324750 @default.
- W2029408879 hasConcept C2779755355 @default.
- W2029408879 hasConcept C2779836051 @default.
- W2029408879 hasConcept C51303962 @default.
- W2029408879 hasConcept C514942387 @default.
- W2029408879 hasConcept C551662922 @default.
- W2029408879 hasConcept C55214782 @default.
- W2029408879 hasConcept C556758197 @default.
- W2029408879 hasConcept C80515813 @default.
- W2029408879 hasConceptScore W2029408879C100001284 @default.
- W2029408879 hasConceptScore W2029408879C10138342 @default.
- W2029408879 hasConceptScore W2029408879C111326686 @default.
- W2029408879 hasConceptScore W2029408879C144133560 @default.
- W2029408879 hasConceptScore W2029408879C162324750 @default.
- W2029408879 hasConceptScore W2029408879C2779755355 @default.
- W2029408879 hasConceptScore W2029408879C2779836051 @default.
- W2029408879 hasConceptScore W2029408879C51303962 @default.
- W2029408879 hasConceptScore W2029408879C514942387 @default.
- W2029408879 hasConceptScore W2029408879C551662922 @default.
- W2029408879 hasConceptScore W2029408879C55214782 @default.