The tax shield increases the interest rate
| dc.contributor.author | Fischer, Marcel | |
| dc.contributor.author | Jensen, Bjarne Astrup | |
| dc.date.accessioned | 2024-02-26T07:34:21Z | |
| dc.date.available | 2024-02-26T07:34:21Z | |
| dc.date.issued | 2024-04 | |
| dc.description.abstract | We study the general equilibrium implications of the corporate tax shield in a growth economy that taxes household income and firm profits and redistributes tax revenues. Our stylized model predicts that in general equilibrium the tax shield's reduction of the corporate after-tax borrowing rate is counteracted (but not fully eliminated) by an increase in the pre-tax rate. | |
| dc.description.version | published | deu |
| dc.identifier.doi | 10.1016/j.jbankfin.2024.107096 | |
| dc.identifier.ppn | 1899364757 | |
| dc.identifier.uri | https://kops.uni-konstanz.de/handle/123456789/69395 | |
| dc.language.iso | eng | |
| dc.rights | Attribution 4.0 International | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Tax shield | |
| dc.subject | Interest rate | |
| dc.subject | General equilibrium | |
| dc.subject.ddc | 330 | |
| dc.title | The tax shield increases the interest rate | eng |
| dc.type | JOURNAL_ARTICLE | |
| dspace.entity.type | Publication | |
| kops.citation.bibtex | @article{Fischer2024-04shiel-69395,
year={2024},
doi={10.1016/j.jbankfin.2024.107096},
title={The tax shield increases the interest rate},
volume={161},
issn={0378-4266},
journal={Journal of Banking & Finance},
author={Fischer, Marcel and Jensen, Bjarne Astrup},
note={Article Number: 107096}
} | |
| kops.citation.iso690 | FISCHER, Marcel, Bjarne Astrup JENSEN, 2024. The tax shield increases the interest rate. In: Journal of Banking & Finance. Elsevier. 2024, 161, 107096. ISSN 0378-4266. eISSN 1872-6372. Verfügbar unter: doi: 10.1016/j.jbankfin.2024.107096 | deu |
| kops.citation.iso690 | FISCHER, Marcel, Bjarne Astrup JENSEN, 2024. The tax shield increases the interest rate. In: Journal of Banking & Finance. Elsevier. 2024, 161, 107096. ISSN 0378-4266. eISSN 1872-6372. Available under: doi: 10.1016/j.jbankfin.2024.107096 | eng |
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