EVIDENCE ON THE EFFECT OF TAXES ON FIRMS' DECISIONS TO RETIRE DEBT EARLY

We examine the effect of marginal tax rates on the decision to retire debt early. Other factors that have been linked to the debt retirement decision are also investigated, including leverage adjustment and the value associated with the immediate recognition of a loss for tax purposes on early retir...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	The Journal of financial research 1996-10, Vol.19 (3), p.327-337
Hauptverfasser:	Manzon, Gil B., Porter, Thomas L., Potter, Mark E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital structure Corporate taxes Decision making Effects Hypotheses Long term debt Motivation Net operating losses Present value Regression analysis Retirement Retirement of debt Studies Tax rates Taxable income Taxes Variables
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!