Tax Avoidance and Capital Structure

Name: Tax Avoidance and Capital Structure
Brand: Springer, Berlin
SKU: 9783031309793
Price: 2991 CZK
Availability: InStock

Empirical Evidence on Debt Covenants

Autor: Alessandro Gabrielli

Jazyk:

Vazba: Pevná

Vydavatel: Springer, Berlin

Dostupnost: Skladem u dodavatele

Odesíláme za 10-18 dnů

2 991 Kč

This book provides a comprehensive overview of the implications of tax avoidance for a firm's capita...

Informace o knize

Autor

Alessandro Gabrielli

Jazyk

Angličtina

Vazba

Kniha - Pevná

Vydáno

2023

Stránek

108

EAN

9783031309793

Enbook ID

43123729

Vydavatel

Springer, Berlin

Hmotnost

331

Rozměry

155 x 235

Kompletní popis

This book provides a comprehensive overview of the implications of tax avoidance for a firm's capital structure, highlighting the key role played by free cash flow and agency conflicts. First, the book provides an outline of the theories and empirical evidence concerning the role of taxes in the Theory of Capital Structure. It reviews the studies investigating the relationship between agency conflicts and capital structure. The book explores the role of free cash flow and agency conflicts in the relationship between tax avoidance and capital structure. In the final section, the results of an empirical investigation conducted on a sample of U.S. public firms are also presented. The empirical research examines whether and how tax avoidance is associated with debt covenant violation across the stages of the corporate life cycle. Specifically, the research uses the concept of the corporate life cycle stage to analyse whether and how the association between tax avoidance and debt covenant violation varies in different agency settings. Consistent with the hypotheses drawn on the Agency Theory, the findings of the empirical research suggest life cycle stages moderate the association between tax avoidance and debt covenant violation. Overall, this book sheds light on the potential implications of tax avoidance activities for a firm's capital structure. The book will be of interest to both experienced and early-stage scholars interested in the topic. Moreover, the book will also be of interest to policymakers, investors, analysts, lenders, and other market participants.

Mohlo by vás zajímat

Zákaznicí kteří koupili tuto knihu koupili také

Nejčastěji hledané

Categories

Authors

Publishers

Produkty

Produkty

Nejčastěji hledané

Categories

Authors

Publishers

Produkty

Produkty

Tax Avoidance and Capital Structure

Empirical Evidence on Debt Covenants

Informace o knize

Kompletní popis

Mohlo by vás zajímat

Zákaznicí kteří koupili tuto knihu koupili také