Taxation and corporate risk-taking
Langenmayr, Dominika
Taxation and corporate risk-taking / Dominika Langenmayr & Rebecca Lester . -- Páginas 237 a la 266
Reseña : We study whether the corporate tax system provides incentives for risky firm investment. We analytically and empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss rules shift some risk to the government; and second, the tax rate has a positive effect on risk-taking for firms that expect to use losses, and a weak negative effect for those that cannot. Thus, the sign of the tax effect on risky investment hinges on firm-specific expectations of future loss recovery..
Contabilidad--Publicaciones seriadas
Impuestos--Publicaciones seriadas
Riesgo (Finanzas)--Publicaciones seriadas
Lester, Rebecca ;
Taxation and corporate risk-taking / Dominika Langenmayr & Rebecca Lester . -- Páginas 237 a la 266
Reseña : We study whether the corporate tax system provides incentives for risky firm investment. We analytically and empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss rules shift some risk to the government; and second, the tax rate has a positive effect on risk-taking for firms that expect to use losses, and a weak negative effect for those that cannot. Thus, the sign of the tax effect on risky investment hinges on firm-specific expectations of future loss recovery..
Contabilidad--Publicaciones seriadas
Impuestos--Publicaciones seriadas
Riesgo (Finanzas)--Publicaciones seriadas
Lester, Rebecca ;