Andresen, Martin Eckhoff; Thorvaldsen, Lars - 2023
these rules in Norway in 2014. Combining difference-indifferences, regression discontinuity and bunching estimates, we show …-group reallocation of debt to avoid exposure to the rules through escape clauses. We observe sharp bunching among both new and existing … subsidiaries at both thresholds for rule inclusion, and find that internal corporate group debt is offloaded to these bunching …