This paper provides a quantitative review of the empirical literature on the tax impact on
corporate debt financing. Synthesizing the evidence from 48 previous studies, we find that …

This paper explores the determinants of the capital structure of Serbian firms listed on the
regulated market using panel data. We model the leverage ratio as a function of firm-specific …

ABSTRACT A growing body of research literature deals with the debt policy decisions of
companies. Although the subject of corporate capital structure has been intriguing scientists …

Different theories seek to substantiate the main determinants of companies' capital structure.
For the trade-off theory, there may be an optimal capital structure in which companies seek a …

The study investigates the causal relationship between fossil energy sources, the production
cost of oil and financial development on economic growth in Russia. The results show that …

The current economic crisis emerged from a particular financial crisis that started in the
United States and being rapidly propagated all over the world. It did not affect a limited …

Tax avoidance became a frequently observed practice in a global business environment.
Multinational enterprises (MNEs) employ differences between statutory tax rates of their …

The implementation of tax reduction policies in China represents a significant and effective
strategy. Accordingly, this strategy has been designed to facilitate the development of a …

We use firm-level data from a Colombian manufacturing survey, complemented with data
from the tax department, to test the effect of firms' total tax and contribution rate (TCR) on the …

This study evaluates the impact of tax shield on capital structure of quoted non-financial
firms in Nigeria. Five hypotheses were formulated following the dependent variables of Long …