1.0ARChttps://eaa-online.org/arcDeen Kemsleyhttps://eaa-online.org/arc/blog/members/113/The Comprehensive Tax Gain from Leverage - ARCrich600338<blockquote class="wp-embedded-content" data-secret="6gK71CTZsg"><a href="https://eaa-online.org/arc/blog/2020/05/27/comprehensive-tax-gain-leverage/">The Comprehensive Tax Gain from Leverage</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://eaa-online.org/arc/blog/2020/05/27/comprehensive-tax-gain-leverage/embed/#?secret=6gK71CTZsg" width="600" height="338" title="“The Comprehensive Tax Gain from Leverage” — ARC" data-secret="6gK71CTZsg" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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In a recent study, published in the European Accounting Review (EAR), Zhenhua Chen, Padmakumar Sivadasan, and I take a new look at the capital structure implications of taxes. Financial economists have long wondered why many companies fail to take full advantage of the corporate tax benefits from debt. Financial distress and other costs should offset […]https://eaa-online.org/app/uploads/sites/3/2020/05/income-tax-4097292_640.jpg640426