The economics of managerial taxes and corporate risk-taking

The economics of managerial taxes and corporate risk-taking

We examine the relation between managers’ personal income tax rates and their corporate investment decisions. Using plausibly exogenous variation in federal and state tax rates, we find a positive relation between managers’ personal tax rates and their corporate risk-taking. Moreover—and consistent...

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Bibliographic Details
Main Authors: ARMSTRONG, Chris, GLAESER, Stephen, HUANG, Sterling, TAYLOR, Daniel
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2019
Subjects:
Corporate risk-taking
Risky investment
Risk-taking incentives
Personal income taxes
Federal income taxes
State income taxes
Agency conflicts
Accounting
Corporate Finance
Taxation
Online Access:https://ink.library.smu.edu.sg/soa_research/1793
https://ink.library.smu.edu.sg/context/soa_research/article/2820/viewcontent/The_Economics_of_Managerial_Taxes_and_Corporate_Risk_Taking__The_Accounting_Review_94_pages_1_24.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1793
https://ink.library.smu.edu.sg/context/soa_research/article/2820/viewcontent/The_Economics_of_Managerial_Taxes_and_Corporate_Risk_Taking__The_Accounting_Review_94_pages_1_24.pdf

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