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المؤلفTemimi, Akram
المؤلفZeitun, Rami
المؤلفMimouni, Karim
تاريخ الإتاحة2017-01-04T07:47:20Z
تاريخ النشر2016-12
اسم المنشورJournal of Multinational Financial Managementen_US
المعرّفhttp://dx.doi.org/10.1016/j.mulfin.2016.08.002
الاقتباسAkram Temimi, Rami Zeitun, Karim Mimouni, How does the tax status of a country impact capital structure? Evidence from the GCC region, Journal of Multinational Financial Management, Volumes 37–38, December 2016, Pages 71-89
الرقم المعياري الدولي للكتاب1042444X
معرّف المصادر الموحدhttp://www.sciencedirect.com/science/article/pii/S1042444X1630038X
معرّف المصادر الموحدhttp://hdl.handle.net/10576/5143
الملخصWe investigate whether the tax status of a country has an impact on corporate capital structure. This research question is important and timely given that the empirical literature has not reached a consensus on the effect of taxes on corporate leverage. The Gulf Cooperation Council region, which is characterized by a unique fiscal environment, provides a natural laboratory for the analysis. We find that taxes have direct and indirect effects on leverage. The presence of taxes strengthens the effect of tangibility and GDP growth on leverage, while it weakens the effect of profitability and liquidity. The relationships between firms’ growth opportunities and leverage and size and leverage do not seem to be affected by taxes. We also show that the effect of taxes is different by industry. Controlling for the tax status of the country is important in some industries and irrelevant in others.
اللغةen
الناشرElsevier B.V.
الموضوعDynamic capital structure
الموضوعTaxes
الموضوعAgency costs
الموضوعDebt conservatism puzzle
العنوانHow does the tax status of a country impact capital structure? Evidence from the GCC region
النوعArticle
الصفحات71-89
رقم المجلد37-38


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