Pouring Oil on Fire : Interest Deductibility and Corporate Debt /
This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage, for both small and medium-sized enterprises and large...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2018
[Place of publication not identified] : 2018 |
| Series: | IMF Working Papers; Working Paper ;
No. 2018/257 IMF eLibrary |
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