Article ID Journal Published Year Pages File Type
5060793 Economics Letters 2011 4 Pages PDF
Abstract
► Firms in developing economies favour debt financing in a high tax environment. ► We employ novel German firm-level data. ► The effect of the host country tax rate on the internal debt ratio is positive. ► The effect is larger for affiliates in developing countries.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
International debt shifting and multinational firms in developing economies
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