Vis enkel innførsel

dc.contributor.authorMøen, Jarle
dc.contributor.authorSchindler, Dirk
dc.contributor.authorSchjelderup, Guttorm
dc.date.accessioned2008-10-21T10:41:25Z
dc.date.available2008-10-21T10:41:25Z
dc.date.issued2008-08
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/164127
dc.description.abstractIn a recent article, Huizinga, Laeven and Nicodème (2008) present a novel model that motivates an extensive empirical analysis of international debt shifting. We point out that the model fails to account for internal debt, and that once internal debt is properly accounted for, the external debt mechanism they propose is not identified in the empirical analysis. We also point out that affiliate specific debt costs reduce affiliate dividends. When this is implemented in the model, their regression equation can only be derived under the very restrictive assumption that effective tax rates on dividends are the same in all countries.en
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Finance and Management Scienceen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2008:15en
dc.titleCapital structure and international debt shifting: a commenten
dc.typeWorking paperen
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en


Tilhørende fil(er)

Thumbnail

Denne innførselen finnes i følgende samling(er)

Vis enkel innførsel