Sharing risk with the government: How taxes affect corporate risk taking
Using 113 staggered changes in corporate income tax rates across U.S. states, we provide evidence on how taxes affect corporate risk-taking decisions. Higher taxes reduce expected profits more for risky projects than for safe ones, as the government shares in a firm's upside but not in its down...
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| المؤلفون الرئيسيون: | , , |
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| التنسيق: | text |
| اللغة: | English |
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Institutional Knowledge at Singapore Management University
2017
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| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/soa_research/1628 https://ink.library.smu.edu.sg/context/soa_research/article/2655/viewcontent/Sharing_risk_with_the_government__How_taxes_affect_corporate_risk.pdf |
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| المؤسسة: | Singapore Management University |
| اللغة: | English |