Feld, Lars P.; Heckemeyer, Jost H.; Overesch, Michael - In: Journal of Banking & Finance 37 (2013) 8, pp. 2850-2866
This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 48 previous studies, we find that this impact is substantial. In particular, the tax rate proxy determines the outcome of primary analyses. Measures...