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...
Saved in:
| Main Authors: | , , |
|---|---|
| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2017
|
| 主題: | |
| 在線閱讀: | 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 |
| 標簽: |
添加標簽
沒有標簽, 成為第一個標記此記錄!
|