Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending … yields three main results: The introduction of bank levies leads to lower leverage as liabilities become more expensive. This …

Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending … yields three main results: The introduction of bank levies leads to lower leverage as liabilities become more expensive. This …

Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending … yields three main results: The introduction of bank levies leads to lower leverage as liabilities become more expensive. This …