Showing 1 - 5 of 5
This paper analyzes how corporate taxation affects the capital structure of subsidiaries of multinational companies. The emphasis is on firm characteristics that proxy for the tax status of a subsidiary, which is crucial for the tax responsiveness of firms. Based on a comprehensive panel of...
Persistent link: https://www.econbiz.de/10009216298
This paper empirically analyzes whether both personal and corporate taxation have an influence on companies´ capital structure decisions. We investigate the effect of the difference in taxation of debt and equity financing on capital structure. Our empirical results, based on a panel of...
Persistent link: https://www.econbiz.de/10008693494
In Germany, medium-term financial planning (Mifrifi) was introduced at the end of the sixties. This study scrutinizes the German federal government's experience of more than thirty years of financial planning. The paper begins by exploring the potential normative and political-economic driving...
Persistent link: https://www.econbiz.de/10005764441
German municipalities are expected to suffer from intense demographic changes in the upcoming decades, not only in the form of population losses, but also through a changing demographic structure. We assess local governments' vulnerability to the fiscal consequences of these demographic...
Persistent link: https://www.econbiz.de/10005582215
Surprisingly little is known about voters´ public debt preferences on a micro level. This is deplorable, given the importance of the fiscal stability culture in the context of the European public debt crisis. This contribution tests, for a self-designed representative German survey, debt...
Persistent link: https://www.econbiz.de/10010628256