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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19715Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Büttner, Thiess | - |
| dc.creator | Overesch, Michael | - |
| dc.creator | Schreiber, Ulrich | - |
| dc.creator | Wamser, Georg | - |
| dc.date | 2008 | - |
| dc.date.accessioned | 2013-10-16T07:06:29Z | - |
| dc.date.available | 2013-10-16T07:06:29Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19715 | - |
| dc.identifier | ppn:559685106 | - |
| dc.identifier | RePEc:zbw:bubdp1:7114 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19715 | - |
| dc.description | This paper analyzes the effectiveness of thin-capitalization rules in preventing debt finance by intercompany loans and explores their consequences for corporate decisions. A theoretical discussion emphasizes that limitations of the deduction of interest owed to foreign affiliates would not only affect multinationals' capital structure choice but also investment. An empirical investigation exploits a large firm-level panel dataset of multinationals in order to analyze the impact of thin-capitalization rules on capital structure choice and investment in the OECD and some further European countries in the time period between 1996 and 2004. The results indicate that thin-capitalization rules are effective in curbing tax planning via intercompany loans. However, investment is found to be adversely affected. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2008,03 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | G32 | - |
| dc.subject | H26 | - |
| dc.subject | H25 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Corporate Income Tax | - |
| dc.subject | Multinationals | - |
| dc.subject | Leverage | - |
| dc.subject | Thin-Capitalization Rules | - |
| dc.subject | Firm-Level Data | - |
| dc.subject | Multinationales Unternehmen | - |
| dc.subject | Kapitalstruktur | - |
| dc.subject | Fremdkapital | - |
| dc.subject | Steuerrecht | - |
| dc.subject | Steuerwirkung | - |
| dc.subject | Internationale Finanzierung | - |
| dc.subject | Investition | - |
| dc.subject | Deutschland | - |
| dc.title | The impact of thin-capitalization rules on multinationals' financing and investment decisions | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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