Dreßler, Daniel; Scheuering, Uwe - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
analytical literature has brought forward many arguments stating that the new interest barrier is harmful to firms, distorting … their financing decisions. Four years after its introduction, the time has come to empirically evaluate the interest barrier … debt. We find that the interest barrier drove firms to lower their debt to assets ratios and their net interest payments …